tag:blogger.com,1999:blog-7806136543904112143.post37022131318872226..comments2023-10-30T09:23:42.803-05:00Comments on Some Assembly Required: SAR #13351Charles Kingsley Michaelson, IIIhttp://www.blogger.com/profile/04364694465614330540noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7806136543904112143.post-4605687143729733582013-12-18T10:29:21.486-06:002013-12-18T10:29:21.486-06:00The closing of some brands over others is the bigg...The closing of some brands over others is the biggest example of government interference. Why keep Opel which GM says loses so much money and yet close Pontiac, which had a fanbase and had minimal costs to produce?<br /><br />http://www.cheersandgears.com/topic/82375-i-knew-it-angry/Anonymoushttps://www.blogger.com/profile/08270873072287048758noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-26956003660950474272013-12-17T21:26:22.038-06:002013-12-17T21:26:22.038-06:00This was a crock from day 1, with the government b...This was a crock from day 1, with the government bailing out hedge funds while pretending they cared about jobs. Drew, you may be in the biddness, but I have heard nothing related to undue gov't influence. If anything, the feds did nothing with the bail out that any stockholder of that magnitude should have done. <br /><br />Much like the bailout of the banks, the govt threw trillions at these problems in a blind hope the economy would not slag down totally. The bond holders would never let them even suggest a different way to do things, because SOCIALISMTulsaTimenoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-84503206146288251632013-12-17T16:12:15.889-06:002013-12-17T16:12:15.889-06:00Since day 1 of the auto bailout, there has been a ...Since day 1 of the auto bailout, there has been a constant drum-beat from those against the bailout that the Government owning GM would do the following:<br />1. Depress the price of the stock unnaturally due to anti-government sentiment "We don't know when those crazies at the treasury will sell their shares and tank the price!!"<br />2. Prevent GM from truly innovating with product and making bold moves. (Somewhat true so far)<br />3. Create an anti-GM sentiment among consumers above and beyond any anti-GM sentiment already out there.<br />4. Force GM to build only fuel sipping, tree-hugger, electric hippie cars that no one would buy because Obama is such a Greenpeace activist or something. (demonstrably not true, GM just dropped off a 2014 GMC Sierra with a V8 for me to test drive this week, I write car reviews and news)<br /><br />All of the above sentiment, true or not, contributed to the idea that the Government had to exit GM asap or else it would hold the company back. So.. the government took its loss and moved on... <br /><br />It's really not that big a deal though because the Government will print 8.5 times that amount in one month to hand to banks.Anonymoushttps://www.blogger.com/profile/08270873072287048758noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-91788837729689022062013-12-17T15:50:53.440-06:002013-12-17T15:50:53.440-06:00Must admit I was puzzled when the Gov. sold off it...Must admit I was puzzled when the Gov. sold off its stock for a loss. Quite what the rush was (and I don't quite buy your explanation)if not a gift to some faction, I don't know. But the stock price should have included the cost of paying back the bailout...Charles Kingsley Michaelson, IIIhttps://www.blogger.com/profile/04364694465614330540noreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-39404384935709505312013-12-17T15:42:38.819-06:002013-12-17T15:42:38.819-06:00Fair is Unfair: I have to side with the GM CEO on ...Fair is Unfair: I have to side with the GM CEO on this one. If the goal of the government was to recuperate every last penny from GM, then they should have held on to the stock, and as the majority shareholder, directed the company to begin paying dividends again to all shareholders. There was no hard deadline for the government selling the stock... it was entirely the government's choice to sell. <br /><br />The only reason the government sold was because of the "gub'ment bad" caveman rant from a certain population that wouldn't buy any car car "gub'ment motors"Anonymoushttps://www.blogger.com/profile/08270873072287048758noreply@blogger.com