Comments on: U.S. to slowly divest itself of GM share http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html Car news, reviews, and specs for the auto-industry Fri, 10 Feb 2012 22:08:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: yarddog82abn http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-474047 yarddog82abn Wed, 29 Jul 2009 19:37:17 +0000 http://www.leftlanenews.com/?p=19945#comment-474047 WOW..... I guess poked someone in the eye..... Anyways...... Let's not forget that our current "Presidential Administration" do have smart people working and not just someone's buddy-buddy. And that is why our Government is looking for answers and try to make things happen so that we can all get out of this mess... Maybe the Government will F- this all up, and GM tanks! And the Country fall in to another Great Depression. Maybe, who knows. But until then I see everything getting better, for everyone. And I do believe that the economy will get out of this funk. GM will recover, our Government will turn a profit, and at the end of the day Obama Administration will get all the credit. So why fight it? And for the record, yes I am a High School drop-out. And I do have a G.E.D. But I starting working at the age of 15 washing cars at a used car lot. I learn the in and outs of the car business. I earn my seat in the big office calling the shots, and I do get on the sales floor and make sure we move cars. And I also do walk over the the service drive and parts dept. and get my hands dirty. But then again that's why I make the BIG BUCK$!!!!! And I do mean BIG!!!!!!! WOW…..

I guess poked someone in the eye….. Anyways……

Let’s not forget that our current “Presidential Administration” do have smart people working and not just someone’s buddy-buddy. And that is why our Government is looking for answers and try to make things happen so that we can all get out of this mess…

Maybe the Government will F- this all up, and GM tanks! And the Country fall in to another Great Depression. Maybe, who knows. But until then I see everything getting better, for everyone. And I do believe that the economy will get out of this funk. GM will recover, our Government will turn a profit, and at the end of the day Obama Administration will get all the credit.

So why fight it?

And for the record, yes I am a High School drop-out. And I do have a G.E.D. But I starting working at the age of 15 washing cars at a used car lot. I learn the in and outs of the car business. I earn my seat in the big office calling the shots, and I do get on the sales floor and make sure we move cars. And I also do walk over the the service drive and parts dept. and get my hands dirty.

But then again that’s why I make the BIG BUCK$!!!!! And I do mean BIG!!!!!!!

]]> By: BostonT84 http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-474018 BostonT84 Wed, 29 Jul 2009 17:40:58 +0000 http://www.leftlanenews.com/?p=19945#comment-474018 What really baffles me is the number of people that are so negative about the Obama administration regarding General Motors. Any intelligent person knows that no matter who became President, the US government was going to own most of GM at the end of the day. Bush gave them money because he said “I won’t let them go bankrupt while I am President”. Our President and Congress had no choice. We should be thanking them for not allowing this recession to get any worse, because if GM would have just went under, that is exactly what would’ve happened. GM has a plan to pay back the money that was barrowed and become completely self sufficient. What more do you people (who don’t understand economics) want? Some people (who I feel are totally ignorant if you ask me) are always complaining about how much control the government has, when in fact, it is because of money hungry individuals (like Bernie Madoff) that force our government to intervene. It is because of the American people that we are in this mess, not the government. Government is only there when we need them, and right now, we need them. What really baffles me is the number of people that are so negative about the Obama administration regarding General Motors. Any intelligent person knows that no matter who became President, the US government was going to own most of GM at the end of the day. Bush gave them money because he said “I won’t let them go bankrupt while I am President”. Our President and Congress had no choice. We should be thanking them for not allowing this recession to get any worse, because if GM would have just went under, that is exactly what would’ve happened. GM has a plan to pay back the money that was barrowed and become completely self sufficient. What more do you people (who don’t understand economics) want? Some people (who I feel are totally ignorant if you ask me) are always complaining about how much control the government has, when in fact, it is because of money hungry individuals (like Bernie Madoff) that force our government to intervene. It is because of the American people that we are in this mess, not the government. Government is only there when we need them, and right now, we need them.

]]> By: jdasch1 http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473894 jdasch1 Wed, 29 Jul 2009 06:12:57 +0000 http://www.leftlanenews.com/?p=19945#comment-473894 auction style...one dollar bid do I hear two dollar bid, do I hear three... is this what they mean by in parcels or do they intend to exchange some of our (taxpayer) interest with the Chinese...they do own some 800 billion of our treasurys. Maybe GM will be General Mao's motors soon?? They still have a very long way to go to be viable. auction style…one dollar bid do I hear two dollar bid, do I hear three… is this what they mean by in parcels or do they intend to exchange some of our (taxpayer) interest with the Chinese…they do own some 800 billion of our treasurys. Maybe GM will be General Mao’s motors soon?? They still have a very long way to go to be viable.

]]> By: DB9 http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473879 DB9 Wed, 29 Jul 2009 01:57:47 +0000 http://www.leftlanenews.com/?p=19945#comment-473879 Grim Reaper, Darwin; me thinks one is being just a little too myopic. If one were to stand back and look at the entire picture, of which GM is only but a note in a long chorus, it would become evident how long the line is for the guillotine. In this line of reckoning, as you will, are the pantheon of the worlds largest and wealthiest Countries and Corporations. We have not avoided the brink; we are just at a lull. We might be on the precipice of a whole new world… The US and China are currently talking about how to remove stimulus without tanking the world economy. Hmmm… dead men walking… maybe not to farfetched as…;-) http://www.economist.com/businessfinance/displayStory.cfm?story_id=14115878&source=features_box_main DB9;-) Grim Reaper, Darwin; me thinks one is being just a little too myopic. If one were to stand back and look at the entire picture, of which GM is only but a note in a long chorus, it would become evident how long the line is for the guillotine. In this line of reckoning, as you will, are the pantheon of the worlds largest and wealthiest Countries and Corporations. We have not avoided the brink; we are just at a lull. We might be on the precipice of a whole new world…

The US and China are currently talking about how to remove stimulus without tanking the world economy.

Hmmm… dead men walking… maybe not to farfetched as…;-)

http://www.economist.com/businessfinance/displayStory.cfm?story_id=14115878&source=features_box_main

DB9;-)

]]> By: h82w8 http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473864 h82w8 Wed, 29 Jul 2009 00:19:02 +0000 http://www.leftlanenews.com/?p=19945#comment-473864 The grim reaper and Darwin each have painted a target on GM's back. Only question is which one will decapitate that walking corpse of a company first. That company belongs in the same dust heap as Packard and Wang. The grim reaper and Darwin each have painted a target on GM’s back. Only question is which one will decapitate that walking corpse of a company first.

That company belongs in the same dust heap as Packard and Wang.

]]> By: DB9 http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473861 DB9 Tue, 28 Jul 2009 23:18:36 +0000 http://www.leftlanenews.com/?p=19945#comment-473861 Here’s what I would like to see: an IPO of between 10-20% by this time next year and the rest sold in ~20% secondary offerings as market conditions permit. Barring any ‘major’ unforeseen market or other economic conditions, such as a doomsday asteroid or the Mayan 2012 calendar ending catastrophe etc, and GM can execute within the conservative baselines set, the government and UAW VEBA can be fully divested of GM by 2015-16 time frame – with a profit for the tax payer. If the market and economy strongly recover then the holding time period can be shortened. If things get worse, a 20-30% probability, then there will be more to worry about than just GM. DB9;-) Here’s what I would like to see: an IPO of between 10-20% by this time next year and the rest sold in ~20% secondary offerings as market conditions permit. Barring any ‘major’ unforeseen market or other economic conditions, such as a doomsday asteroid or the Mayan 2012 calendar ending catastrophe etc, and GM can execute within the conservative baselines set, the government and UAW VEBA can be fully divested of GM by 2015-16 time frame – with a profit for the tax payer. If the market and economy strongly recover then the holding time period can be shortened. If things get worse, a 20-30% probability, then there will be more to worry about than just GM.

DB9;-)

]]> By: oldraven http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473814 oldraven Tue, 28 Jul 2009 21:01:55 +0000 http://www.leftlanenews.com/?p=19945#comment-473814 Yarddog, it would do you good to learn how to write properly, (spellcheck doesn't help you when you spell the wrong word correctly), before calling people out for not being able to read at an adult level. Even children's books use punctuation as it was meant to be used. Yarddog, it would do you good to learn how to write properly, (spellcheck doesn’t help you when you spell the wrong word correctly), before calling people out for not being able to read at an adult level. Even children’s books use punctuation as it was meant to be used.

]]> By: johngalt http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473785 johngalt Tue, 28 Jul 2009 19:40:30 +0000 http://www.leftlanenews.com/?p=19945#comment-473785 60 days, yarddog? Optimistic at best. Based on our government's illustrious history of balancing its own business, perhaps you've oversimplified this mess. $50 billion (count the zeroes: $50,000,000,000) is, as they say, "real money," especially considering a corporation's failure to profit consistently and a public whose trust in said corporation (let alone its government) is less than glowing. I remember parts of Economics 101 and 102, and seem to recall a case study similar to what you've outlined, and the conclusion was, "Ain't happenin'..." And I can read at minimum a 6th grade level. Moreover, I can CAPITALIZE, spell, punctuate, and type at or above that level. One more thought: are there any colorless pop-up books? 60 days, yarddog? Optimistic at best. Based on our government’s illustrious history of balancing its own business, perhaps you’ve oversimplified this mess. $50 billion (count the zeroes: $50,000,000,000) is, as they say, “real money,” especially considering a corporation’s failure to profit consistently and a public whose trust in said corporation (let alone its government) is less than glowing.

I remember parts of Economics 101 and 102, and seem to recall a case study similar to what you’ve outlined, and the conclusion was, “Ain’t happenin’…”

And I can read at minimum a 6th grade level. Moreover, I can CAPITALIZE, spell, punctuate, and type at or above that level.

One more thought: are there any colorless pop-up books?

]]> By: Struggle http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473777 Struggle Tue, 28 Jul 2009 19:07:11 +0000 http://www.leftlanenews.com/?p=19945#comment-473777 So it's ok for people to bash Bush and his cronies for years, but anyone says anything bad about a lefty needs to shut up? They both suck. Deal with it. How about ALL political crap is taboo on here and let's talk about cars, eh? Somebody will get rich from this, but it won't be me...rats. So it’s ok for people to bash Bush and his cronies for years, but anyone says anything bad about a lefty needs to shut up? They both suck. Deal with it.

How about ALL political crap is taboo on here and let’s talk about cars, eh?

Somebody will get rich from this, but it won’t be me…rats.

]]> By: yarddog82abn http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473766 yarddog82abn Tue, 28 Jul 2009 18:20:01 +0000 http://www.leftlanenews.com/?p=19945#comment-473766 It never surprises me to see what is said by individuals that read colorful pop-up books... As for the rest of us that can read above the 3rd grade level, and do understand "economics".... With GM's exit of BK, the boost of sales thanks to "Cash for Clunkers", and for sure a pay back to the bailout in the next 60 days. It will show a rise in "NEW - GM - STOCK", then the fed will start to sell, and "Wall St." will trade... And the Fed will "SELL - MORE - GM - STOCK" that will help stable the price, then the "OUR GOVERNMENT" can put more provisions in to place to help BOOST the "MARKET" and the price of GM STOCK, and it can sell MORE at a higher price... It's so simple, but again Economics 101 dose not have colorful pop-up books... It never surprises me to see what is said by individuals that read colorful pop-up books…

As for the rest of us that can read above the 3rd grade level, and do understand “economics”….

With GM’s exit of BK, the boost of sales thanks to “Cash for Clunkers”, and for sure a pay back to the bailout in the next 60 days.

It will show a rise in “NEW – GM – STOCK”, then the fed will start to sell, and “Wall St.” will trade…

And the Fed will “SELL – MORE – GM – STOCK” that will help stable the price, then the “OUR GOVERNMENT” can put more provisions in to place to help BOOST the “MARKET” and the price of GM STOCK, and it can sell MORE at a higher price…

It’s so simple, but again Economics 101 dose not have colorful pop-up books…

]]> By: Borat http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473741 Borat Tue, 28 Jul 2009 17:42:18 +0000 http://www.leftlanenews.com/?p=19945#comment-473741 As long as US owns the company it can continue to build crap that not so many of us will buy. We'll see results around either fall of 2010 2012. As long as US owns the company it can continue to build crap that not so many of us will buy. We’ll see results around either fall of 2010 2012.

]]> By: leftwingagenda http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473735 leftwingagenda Tue, 28 Jul 2009 17:35:22 +0000 http://www.leftlanenews.com/?p=19945#comment-473735 spew your hannity/limbaugh bs elsewhere, plz spew your hannity/limbaugh bs elsewhere, plz

]]> By: idrinorbarsaku http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473698 idrinorbarsaku Tue, 28 Jul 2009 16:47:04 +0000 http://www.leftlanenews.com/?p=19945#comment-473698 this is almost exactly the same as to what a government would do to a corporation if they fail to turn profitable over a certain time; they take control, and sell it off piece by piece over time. This saves the economy from going into recessions, or depressions...which is what happened to the Lehman Brothers bank corp...if you know anything about economics... I wonder what their long term goal for GM really is??? this is almost exactly the same as to what a government would do to a corporation if they fail to turn profitable over a certain time; they take control, and sell it off piece by piece over time. This saves the economy from going into recessions, or depressions…which is what happened to the Lehman Brothers bank corp…if you know anything about economics…

I wonder what their long term goal for GM really is???

]]> By: smfic http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473697 smfic Tue, 28 Jul 2009 16:43:32 +0000 http://www.leftlanenews.com/?p=19945#comment-473697 the reason it ranks as news is because Odumba and his administration have shown that they are that stupid. as for short lived, give it a chance dude. notice no dates were attached. but i guess it depends on what your definition of short lived is. is it 1 year? 2 years? 4 years? I wouldn't lay too much on the line against 4+ years if I were you. the reason it ranks as news is because Odumba and his administration have shown that they are that stupid.

as for short lived, give it a chance dude. notice no dates were attached. but i guess it depends on what your definition of short lived is. is it 1 year? 2 years? 4 years? I wouldn’t lay too much on the line against 4+ years if I were you.

]]> By: orangecones http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473696 orangecones Tue, 28 Jul 2009 16:40:24 +0000 http://www.leftlanenews.com/?p=19945#comment-473696 I'd like to see all 61% of GM hit the market at once, some of us would be able to gobble it up at near pink slip prices and then sell like hell once it reaches $5. I’d like to see all 61% of GM hit the market at once, some of us would be able to gobble it up at near pink slip prices and then sell like hell once it reaches $5.

]]> By: leftwingagenda http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473692 leftwingagenda Tue, 28 Jul 2009 16:28:31 +0000 http://www.leftlanenews.com/?p=19945#comment-473692 you mean you're not supposed to sell off over half of a multi-billion dollar company in one fell swoop? who would've thunk it...did anybody really expect the US to divest their holdings all at once? that would be unbelievably dumb...i'm honestly shocked this ranks as news... you mean you’re not supposed to sell off over half of a multi-billion dollar company in one fell swoop? who would’ve thunk it…did anybody really expect the US to divest their holdings all at once? that would be unbelievably dumb…i’m honestly shocked this ranks as news…

]]> By: oldraven http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473680 oldraven Tue, 28 Jul 2009 15:59:43 +0000 http://www.leftlanenews.com/?p=19945#comment-473680 Like I've been saying. Government Motors will be short lived. Like I’ve been saying. Government Motors will be short lived.

]]> By: Rafa LL http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473673 Rafa LL Tue, 28 Jul 2009 15:41:21 +0000 http://www.leftlanenews.com/?p=19945#comment-473673 LLN is that image an indirect proposition of what to sell? LLN is that image an indirect proposition of what to sell?

]]> By: mayer_ray_nagin http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473669 mayer_ray_nagin Tue, 28 Jul 2009 15:24:49 +0000 http://www.leftlanenews.com/?p=19945#comment-473669 Whorehouse Harry Reid will take the Senate's chunk and pop it on top a $5/pull slot machine down at Bellagio or Paris! Paris! And Obama is going to just "sell" his share to the Daly clan for a modest political contribution. Whorehouse Harry Reid will take the Senate’s chunk and pop it on top a $5/pull slot machine down at Bellagio or Paris! Paris!

And Obama is going to just “sell” his share to the Daly clan for a modest political contribution.

]]> By: DenverGuy217 http://www.leftlanenews.com/u-s-to-slowly-divest-itself-of-gm-share.html#comment-473664 DenverGuy217 Tue, 28 Jul 2009 15:07:17 +0000 http://www.leftlanenews.com/?p=19945#comment-473664 Pelosi will probably push to sell it at a cut-rate price to the Chinese ..and then 'borrow' a gov't plane to fly her family off on another vacation trip... Pelosi will probably push to sell it at a cut-rate price to the Chinese ..and then ‘borrow’ a gov’t plane to fly her family off on another vacation trip…

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