GM Sales: Bloomberg report.
79% of GM’s sales last month was government purchased. During 2012, remember how Obama keeps telling us how he saved GM, and how our economy is getting better, it seems the car company he bought is being saved by Govt employees using our tax money to buy new cars. GM’s sales figures for last month were the best since 2008 , up 16% for the month of June.
YIPPEE!
Well, wait just a minute. It seems that those rosy sales figures are due primarily to a 79% increase in fleet sales to the U.S. government in June.
That’s right. Our tax dollars are being used to pump up GM’s sales figures ahead of next month’s quarterly report so that our Dear Leader can point to "Government Motors" as a huge success. The incestuous relationship between GM, the UAW and the Regime has never been more glaringly apparent.
GM is unsustainable without government subsidies and will ultimately go bust again, taking billions of taxpayer dollars down with it . We bailed out General Motors to the tune of $50 billion. $30 billion of this is effectively a loss, mostly sunk into fattening the United Auto Workers Union—plus fierce fierce Obama supporters—while the actual bondholders were shown the elevator shaft.
Meanwhile, as News Busters reports, “We the Taxpayers are still stuck holding 500+ million shares of GM stock. Which we need to sell at $53 per share. Which debuted post-bankruptcy at $33 per share.. And which is currently trading at just over $20 per. Meaning we’ll lose about $15 billion.” But it gets better. Despite the overwhelming negatives, the tiny bright spot of positive June sales numbers is being heralded by Obama and the leftist press as proof the auto bailout was a “success.”
Obama is now campaigning on the “success” of – the government buying cars from…the government’s car company...with our money.
American vision says That’s like you setting up a lemonade stand for your kids. You buy them the lemons, sugar, cups and pitchers – and then buy most of the lemonade yourself.
The pressure is on Government Motors to appear financially strong as this may be the last earnings report before November elections and sets the stage for how “successful” GM is. One of GM’s past tricks to help fudge earnings numbers has been to stuff truck inventory channels. Old habits die hard at GM.
According to a Bloomberg report, “GM said inventory of its full-size pickups, which will be refreshed next year, climbed to 238,194 at the end of June, a 135 days’ supply, up from 116 days at the end of May.” 135 days’ supply is huge, the accepted norm is a 60 day supply.
The trick here is that GM records revenue (probably at list prices for costing and sales number) when vehicles go into dealerships to be floor planned.
We are being fed a numbers game.
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9 comments:
Not true, but you knew that already.
http://www.snopes.com/politics/business/gmsales.asp
Let us not forget that WHITE Mormon Biship Mitt RMoney made out like the theiving bandit that he is from the Detroit bail-out, via his Bainful holdings:
Mitt Romney made some $15 million on the auto bailout and that three of Romney’s top donors made more than $4 billion for their hedge funds from the bailout.
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=9022
Oh, but I forgot: RMoney is whitey-White-WHITE, and no doubt, he "works so hard," plus he's such a "man of faith" (as in he's got a great deal of faith that a huge segment of white supremacists out there will vote for him over the N*****).
Conservatives would do themselves a favor to figure out who's really ripping them off, but I might as well hope that Santa Claus will give me a million dollars for Christmas this year.
That kool-aid must taste fucking FANTASTIC.
I have just found this website. I am a centrist; socially a bit to the left, fiscally to the right. I always fact find before believing forwards that seem a bit too contrived to believe. I personally believe that almost all of our politicians become corrupt, because the system breeds corruption. I detest the right demonizinfg the left, but truthfully I see a lot of disdain on this site towards the right, so what's the difference?You are also assuming that evry right wing person believes everything that he or she receives in their email. I certainly don't! I believe that we need term limits for all elected officials. Too many of our senators are millionaires because of insider trading and sweetheart deals. The general populace should be more involved in politics. In our current system of lifetime politicians there is more and more of a disconnect between the government and the people. The US is in lousy fiscal shape, but I certainy don't see it getting better in this administation. That said, I cannot say things would have been better with Mitt. The bottom line is that the polarization between the two sides is deeply troubling to me. What I see here is more of the same, let's trash talk those who disagree with us. I think the solution lies in term limits and somehow voting for ideals instead of a 2 party system. I wish Ron Paul had gotten in at this point, at least he wasn't in bed with anyone.
Also,To the comment about Mitt being white, white, white...etc. I find that kind of innuendo deeply offensive. I am troubled by the assumption that someone would actually think that conservatives were all racists. I see that you said white supremacists, but the two are rather lumped together. Because I hold viewpoints from both parties I am particularly sensitive to the assumption that most people from a political party are the same. I venture to say that racists abound in both parties. This particular label (racist) is so offensive and inflammatory. Isn't there a better way to dialogue than this?
I detest the right demonizinfg the left, but truthfully I see a lot of disdain on this site towards the right, so what's the difference?
They distain us for a lot of the "reasons" listed in these forwards. We distain them because they believe the kind of things that are in these forwards. Its not the same.
You are also assuming that evry right wing person believes everything that he or she receives in their email.
Nowhere is that assumption made. But the odds are pretty good. The fact that this stuff keeps getting created and forwarded and believed and quoted is pretty powerful evidence of its influence among many conservatives.
I am troubled by the assumption that someone would actually think that conservatives were all racists.
Again, no where is that said or thought. But the percentage is higher than any right thinking person would like. When you have a party formed out of racism with a multi generation electoral strategy founded on racism and proposed policies that are racist dog whistles of one kind or another, the odds are pretty good there's a racist or two in your fold.
This particular label (racist) is so offensive and inflammatory.
Sorry, no. Calling racism racist isn't offensive, at least not to anyone I care about offending.
Isn't there a better way to dialogue than this?
This isn't a dialogue. This is one group of people flinging every possible lie and insult at the other, and the other group calling them out on it.
To mare:
Thank you for thoughtful commentary, and I mean it. You make some good points, but if you read through even a *small* portion of this site, you'll soon notice that the preponderance of RWF emails are very very racist in nature.
I call it as I see it, and I see many (not all) conservatives - esp of the ilk who read and forward these emails (and usually are avid Rush Limbaugh & Glenn Beck fanatics) are definitely racists. IMO, they are also nowadays white supremacists. Maybe that seems "unfair" to you, but what else should I call it when the diatribing is all about how AA, esp the "N" word in the White House, are "ruining" everything for white people.
Maybe you do not feel that way, and that's great. But believe me, plenty of conservatives do. The rightwing has used the Southern Stategy for years to get the White vote for their party:
http://en.wikipedia.org/wiki/Southern_strategy
This is a known racist strategy that's been employed by the Republican Party since the days of Nixon, and the flames of racism have been fanned ever since then to ever greater heights by the rightwing noise machine.
I am dismayed that *most* of my family members have become incredibly racist. We were all raised by the same very non-racist parents & grandparents, who actually were ahead of their times in terms of their attitudes towards minorities in the days of USA Apartheid in the 1950s & 1960s. It PAINS me greatly witness my family members revel in their racism and carry on about how minorities are ruining the country. We don't come from the South, and my family members are actually highly educated.
Again: it's white supremacy and it's been used as tool to cudgel citizens to vote against their own interests. And it's very dysfunctional.
You may not have seen Mitt Romney for being the WHITE candidate, but believe me, he was chosen because he embodies all of the characteristics of that WHITEness that appeals to a certain growing segment of our society that is very racist.
I'll stop now, but thanks for participating. I, too, voted for what's called a "third party" candidate bc I agree that both Democrats & Republicans are very corrupt and all are part of the problems which face our society. I'm not so sure that I agree with all of Ron Paul's positions and policies, but I like some of them. I don't think he was given enough attention by the corp-owned media, but neither were any of the other "third party" candidates.
Come back again and share your insights, if you like.
Not all conservatives are racists, but most racists are conservative.
Not all conservatives are religious zealots, but most, if not all, religious zealots are conservative. That includes the Taliban.
Not all conservatives are pig-ignorant, but most pig-ignorant people are conservative.
There is a reason why this is so, mare.
Think about it.
I've castigated visitors here for 'both-sides-do-it' concern-trolling. That's because both sides don't do it. As has been said in previous comments, one side does it, and the other side is finally fed up and is calling them on it. And if I seem hard-hearted, that's because I have been offering an olive branch for decades and it is repeatedly rejected, most egregiously during Bush the Lesser's ascendency.
Welp, now you get brambles.
This has been the GOP playbook for the last 20 years, and eagerly adopted by most Republicans.
Take a look.
Language: A Key Mechanism of Control
http://www.informationclearinghouse.info/article4443.htm
I'm fed up with the "both sides do it" baloney, and I'm also fed up with conservatives bashing lefites because we're not "nice enough" to rightwingers anymore to wheedle & cajole & grovel to them to get them change their minds or something. Bogus.
I agree with gruaud: I tried for decades to have honest, respectful disucssions with conservatives about my viewpoints, complete with facts, figures, you name it.
All I hear/see is an ever increasing nasty bullying attitude coming from rightwingers - as highlighted here at this blog spot - and yet, somehow "leftwingers" are "to blame" for not being fair or nice or saying things in some better way.
Get a grip. Conservatives are being called on their stuff. If they don't like it? Too bad. Look in the mirror and make some changes.
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