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Originally Posted by BigAls87Z28
One of the major factors into the recent total loss of funds is the crapping out of the financial area, yes. On both buying the cars, and loaning the money to move foward with large programs.
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Well that's recent, I can see this as an "excuse" but I'm talking about 7.5 prior to that. I had no idea they have not been profitable for so long.
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Im gunna have to check, but GM posted a profit several times over the past 8 years, just not a tremendus amount.
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The reason I asked is because I skimmed an article from FORTUNE magazine, where they had a chart with GM not posting profits since 2000. I can post it the chart, if needed, but I don't wanna scan the whole article (6 pages long).
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What is gunna change is what they have been doing for the past 3years now. Shaking 100 year old traditions dont happen over night, you cannot turn around a ship this big that fast. THIS IS AMERICA'S PROBLEM!!! In this microwaveable world, they want to see them make a profit with a small drop in the bucket.
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Well exactly, you can;t do it that fast, they haven't done it themselves for the past 8 years, I have a hard time believing they will turn turd into gold if they are given this "loan" money.
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When will it be profitable? When the dollar can be maniuplated against the Euro and we can dump thousands of cars in Europe or any other country's currency.
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So you want to place profitability of a company into governments hands? Because I do not think GM can manipulate the Euro.
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I dunno, maybe you should ask AIG what they did with teh first 50 billion. Or where any of the trillion bucks went to stabilizing the financial industry? Oh yeah, buy other banks.
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You're like that odd looking jealous kid on the block that keeps saying "mommy, mommy, he has it I want one too." Just because someone got government money doesn't mean GM should. Otherwise lets start giving it to everyone
I'll take a Christmas bailout please!
Don't get stressed out over there big guy!
