Yankee Clipper

January 8, 2015
GM is not alive, and Obama didn't save the auto industry
By Yossi Gestetner
Here are the numbers:

GM sold fewer vehicles in the U.S. in 2014 than in 2008.
GM had about 17.6% of the U.S. market in 2014, down from about 21.9% in 2008.
GM bailout had a net loss of $10.4 billion (bank bailouts a net gain of $24.3 billion).
GM’s 2013 profit was $3.8 billion; Ford, without a bailout, $7.2 billion.
The economy is now 8% larger than late 2007, right before the recession started, but total U.S. auto sales in 2014 were only 1.5% higher than 2007.

The only thing needed to be “saved” in late 2008 was GM (and Chrysler), whose finances had been run into the ground due to union contracts, not the weak economy. The auto industry at large had a rough ride just like everyone else, but the industry came out from the crisis depths without being bailed out. But auto sales growth is still lagging the rest of the economy, and GM is actually a d**g on those numbers. Basically, the part of the industry that Obama did not “save” is actually doing better than the part he “saved.”

As for Chrysler...it was sold to an Italian company by the same president who complained in 2012 that Romney's Bain is betting against America.

http://www.americanthinker.com/blog/2015/01/gm_is_not_alive_and_obama_didnt_save_the_auto_industry.html

America Only Loc: From the right hand of God

Obama set to make media statement, " The MOON is only there because I built it"! And you can bet all the other insane DEMOCRAPS will support and push that statement as if it is true.

Unions are monsters. Oh also democraps are monsters. Obama is the head Muslim T*****r in Office monster.

Yankee Clipper

Forkbassman Loc: Missouri

Very, very sad too. His approval rating is 44%. We have a lot of smart Americans, don't we? As I have said on this forum numerous times, the next two years will be, I feel, the last straw for our great country. I'm not a gloom and doom person but we must have an honest, trustworthy person in the WH in '16 that is a true conservative. I don't think Bush is the one.

Pulfnick Loc: Knoxville, TN

Obama did not save GM, but rather saved the UAW at GM, and in the process, kept GM alive. GM did file for bankruptcy and that should have been allowed to play out rather than Obama illegally screwing bond holders to pay off his UAW supporters and end the bankruptcy proceeding. If a normal bankruptcy had been done, the highly inflated UAW wages would have been cut to reasonable levels, but they weren't and are still hurting GM. It's estimated that we taxpayers bailed out the GM UAW to the tune of about $30 billion, exclusive of what we lost on the company itself.

http://www.heritage.org/research/testimony/2013/08/auto-bailout-or-uaw-bailout-taxpayer-losses-came-from-subsidizing-union-compensation

shipfitter Loc: Wisconsin, for now

All I have Ever owned are FORDS

shipfitter Loc: Wisconsin, for now

And , Should be , ARRESTED , TREIED , then HUNG for Treason . AND Fraud . And Numerous High Crimes .Only thing saving him So far is his Skin Color

shipfitter Loc: Wisconsin, for now

I think its Lower

dan miller Loc: U.S.A./Michigan

Gm will be gone by 2025, because they are doing the same that did before 2008. There three (US)car compaines by 2030, Chevy/Truck and Cadaillic/Buick and Ford, the rest will be forigen car units.I am a retied GM/UAW worker with 36 yrs of sevice.