Obama Touts GM Turnaround As Recession 'Success Story'

It's too bad Obama feels the need to say: "I told you so" to everyone that knocked his auto bailout plan. We are supposed to be intelligent citizens able to discuss things in a rational and calm way, but the flood of crude, obscene and completely negative rhetoric that came after enactment showed how low-class ordinary Americans are capable of becomming! OF COURSE they will never apologise to the Pres. OR supporting Democrats, BUT THEY SHOULD!!!

Hmmm... no mention that China now owns millions of shares. Like pretty much everything else of value in the US.

the last election just proved that no one is buying it anymore, left wing cannot run the country, just doesn't work.

I am getting a new car next year and I will never buy one car from anyone who took taxpayers money!

It artificial Mr. President... I'm clearly starting to see a shift where Big Business align themselves with the Democratic party. Thats really what Obama wants, he wants all large businesses to be controlled by government. And since he passed so many laws to help big business in his first two years, they are with him. I dont care what the Democrats say, there is a shift going on and they dont want the people to pick up on it.

Let the Obama bashing begin! The GM bailout (which was really just a government underwitten bankruptcy) was a success, as was TARP. They both did exactly what they were intended to do, and in the end, at very little or no cost to the taxpayers. I wonder, as this fact becomes more and more clear, what are you windbags going to use as an excuse to bash the president for not sitting in the corner and shutting up like a good little negro?

A totally "rigged" success story by the Government, scripted and rehearsed. GM got $50 BILLION of freebie money to play with, $10 BILLION to GMAC at zero interest to lend to their car buyers (at 8%), NO FEDERAL INCOME TAXES for the next ten years (remember this when you file your tax return next year), ALL of their $45 BILLION in Debt erased, hurting bondholders, stockholders, suppliers, dealers, and customers. So, the FED got a stack of newly printed Stock Certificates yesterday. Big Whoop. They can't sell them on the open market. Everyone says they "saved" a MILLION jobs. Really? GM only has 100,000 employees in the United States. We saved a lot of jobs in CHINA, INDIA, BRAZIL, and EUROPE. Where are the other 900,000 jobs this saved? When the FED gets around $70 BILLION back in CASH or GOLD, you can celebrate this "success". But, don't count on it soon, if ever.

lets see thay closed 14 plants total in the US and built 4 in China and 2 in Brazil and the president considers this a Success? and the heck of it the government made then close down thier best 2 plants and keep open their worst 2. WOW politicians have nothing to brag about with this one!!!!!

Turnaround? Negative. GM is allowed to survive, while taxpayers get screwed. Even our Federal government is reporting that when all is said and done, the taxpayers will still likely lose about 20% of the money they "loaned" to GM. All of the money has NOT, I repeat, has NOT been paid back. (On top of this, the company just received a tax break that happens to be the same amount as the dividend payments it makes to the government/taxpayers. Hmmmmmm.) This is a robbery disguised as a success story. Better yet, it's like having your rapist tell you he loves you while he violates you. It's despicable. But if you say something enough, it's true, right? So Barrack will keep saying how "sucessful" this all has been, convinced that by simply stating it, it becomes reality. Yesterday, in honor of the GM IPO, I went out and invested in Ford stock -- in my opinion, pulling yourself up by your own bootstaps is much more successful than cowering to the government for help strong-arming the taxpayers for money. Bush should have stayed out of it, and Barrack should stop fantasizing. People seem to forget/ignore that when all was said and done, GM filed for bankruptcy anyway. So what exactly did we save GM from?

Thank you Mr President for saving My Job with the GM Bail out Thank you for all the difficult things you had to do for America Sure It was not all popular But clearly we are going in the correct direction for more than just recoverey we will prosper as the greatest Nation once again Thank you Mr President and all others that helped Fix this. To the Republicans, When did you stop thinking about ( We The People ! ) the middle class, Main street. The People that break there backs to make America ?