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"Government Motors" returns to top of world's auto sales

Discussion in 'Sports and News' started by TigerVols, Jan 20, 2012.

  1. Point of Order

    Point of Order Active Member

  2. Morris816

    Morris816 Member

    Counterpoint to the bolded part: Many of the pols on both sides get a lot of political contributions from those same banks and could change their tune if the lobbyists convince them it's the only way they'll be assured of keeping their seat.
  3. TigerVols

    TigerVols Well-Known Member

  4. RickStain

    RickStain Well-Known Member

    If you did, don't worry, he's totally going to write you a new one. Hope you brought your reading glasses.
  5. Football_Bat

    Football_Bat Well-Known Member

  6. The Big Ragu

    The Big Ragu Moderator Staff Member

    Just over the wire. ... and as good a place as any to post this. Mary Barra is going to take over as CEO of GM for Dan Ackerson. This is pretty cool in that it is a woman stepping into what has been one of the oldest boys clubs still in existence -- CEO of an auto company.
  7. Uncle Frosty

    Uncle Frosty Member

    GM issued this today:

    DETROIT – The U.S. government bailout of General Motors spared 1.2 million jobs in 2009 and preserved $39.4 billion in personal and social insurance tax collections in 2009 and 2010, according to a Center for Automotive Research study released Monday.

    “Any complete cost-benefit assessment of the federal assistance to GM in its restructuring must consider the total net returns to the public investment…” researchers Sean McAlinden and Debra Maranger Menk wrote in “The Effect on the U.S. Economy of the Successful Restructuring of General Motors.”

    The infusion of money into GM and Chrysler by the administrations of Presidents George W. Bush and Barack Obama avoided loss to the U.S. of $105.3 billion in transfer payments and personal and social insurance tax collections. Additionally, 2.6 million jobs were saved in 2009 alone and $284.4 billion in personal income was preserved over 2009-2010.

    “If the U.S. government had refused to assist (GM and Chrysler)… in a financial crisis of unprecedented proportions, then the whole U.S. economy was operating without a safety net, with the exception of course, of the banking system,” McAlinden and Maranger Menk conclude.

    The center independently funded the new study as a follow up to a November 2008 analysis.
  8. cranberry

    cranberry Well-Known Member


  9. doctorquant

    doctorquant Well-Known Member

    First, that's just a press release, not a paper. Now the actual paper that was published to go along with this press release would be a better source, but a press release is just a tool used to get the word out. It's not the research. [/insidejokemadeatsomeoneotherthanCranberry'sexpense]
  10. old_tony

    old_tony Well-Known Member

    That would have eventually been negated when the GM and Chrysler cars that would not have been sold would have turned into Fords, Toyotas, Hondas, Nissans, Kias, Hyundais and other brands that would have eventually been purchased. Every one of those companies would have had to build more cars and hire more people to do that.
  11. 93Devil

    93Devil Well-Known Member

    You don't really don't know what a press release is, do you?
  12. doctorquant

    doctorquant Well-Known Member

    sigh ... I guess not. There's so, so much I don't really know. Please light a candle in my darkness and illuminate for me the myriad mysteries of that holiest of holies, the press release.
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