Comments on: GM ‘Making Progress’ With $1.2B Loss http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss Mon, 13 Feb 2012 03:34:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: platypus http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166566 platypus Tue, 17 Nov 2009 04:58:59 +0000 http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166566 Government Motors needs to be melted down and scrapped. Its officials need to be tried for treason and executed. The basis for treason? Helping China by causing more need to sell T-bonds. Government Motors needs to be melted down and scrapped. Its officials need to be tried for treason and executed.

The basis for treason? Helping China by causing more need to sell T-bonds.

]]> By: Confucius http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166560 Confucius Tue, 17 Nov 2009 03:30:25 +0000 http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166560 This is similar to Obama paying down the debt with debt. So I have to ask. Isn't this a Ponzi scheme? This is similar to Obama paying down the debt with debt.

So I have to ask. Isn’t this a Ponzi scheme?

]]> By: caligirl9 http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166539 caligirl9 Mon, 16 Nov 2009 21:27:36 +0000 http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166539 Um, is this another example of that newfangled Obama math? You pay off loans with money given to you by the government? How clever! Um, is this another example of that newfangled Obama math? You pay off loans with money given to you by the government? How clever!

]]> By: Chuckk http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166538 Chuckk Mon, 16 Nov 2009 21:09:21 +0000 http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166538 No need to worry about making a profit at GM. The important thing now is to keep the union workers happy. No need to worry about making a profit at GM. The important thing now is to keep the union workers happy.

]]> By: Right of the People http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166532 Right of the People Mon, 16 Nov 2009 20:38:05 +0000 http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166532 I keep telling you it's the "new" math. If they lost 1.2 Billion and they owe 6.7 Billion, isn't that 7.8 Billion? I wish I could use the same math with my bank. I keep telling you it’s the “new” math. If they lost 1.2 Billion and they owe 6.7 Billion, isn’t that 7.8 Billion? I wish I could use the same math with my bank.

]]> By: proreason http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166505 proreason Mon, 16 Nov 2009 16:58:14 +0000 http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166505 Ain't gubamint accounting amazing? Other reports indicated tha GM "omitted" 3.5 months of operations. heh heh. What's a little fudge like that among friends. Oh, and also, the accounting doesn't follow the FASB accounting rules that public companies are forced to adhere to. Kinda like "social security" accounting, donchaknow. Lockboxes and all that. Ain’t gubamint accounting amazing?

Other reports indicated tha GM “omitted” 3.5 months of operations. heh heh. What’s a little fudge like that among friends.

Oh, and also, the accounting doesn’t follow the FASB accounting rules that public companies are forced to adhere to.

Kinda like “social security” accounting, donchaknow. Lockboxes and all that.

]]> By: MinnesotaRush http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166500 MinnesotaRush Mon, 16 Nov 2009 16:40:19 +0000 http://sweetness-light.com/archive/gm-making-progress-with-1-2b-loss#comment-166500 "DETROIT – General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business. The company also says it will begin repaying $6.7 billion in U.S. government loans with a $1.2 billion payment in December. It could pay off the full amount by 2010, five years ahead of schedule, but the money will come from funds loaned by the government." The lunacy represented in just these first two paragraphs speaks volumes!!! Mark Twain is credited with saying, "Common sense isn't all that common" and these "journalists" (???) epitomize that; as well as anybody that buys into this crap. If this is main stream thought .. logic .. we could be in much bigger trouble than we thought. Good grief! “DETROIT – General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.

The company also says it will begin repaying $6.7 billion in U.S. government loans with a $1.2 billion payment in December. It could pay off the full amount by 2010, five years ahead of schedule, but the money will come from funds loaned by the government.”

The lunacy represented in just these first two paragraphs speaks volumes!!!

Mark Twain is credited with saying, “Common sense isn’t all that common” and these “journalists” (???) epitomize that; as well as anybody that buys into this crap.

If this is main stream thought .. logic .. we could be in much bigger trouble than we thought. Good grief!

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