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Thread: CUE Update Status

  1. #211
    suzesq's Avatar
    suzesq is offline Cadillac Owners Fanatic
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    Re: CUE Update Status

    They do not call it GOVERNMENT MOTORS for nothing!


  2. #212
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    Re: CUE Update Status

    actually THEY don't call it that at all ...

  3. #213
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    Re: CUE Update Status

    Guess I hit a nerve there...........

  4. #214
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    Re: CUE Update Status

    ok so it depends on your definition of "they" but with the US Treasury holding about 7% of GM's stock (and not really ever having any influence on the business after the bankruptcy) that "attack" just seems cheap, immature, and slightly disingenuous

    in a few more months the US Treasury will hold 0% of GM's stock ... will you still call it Government Motors then?

    and before anyone mentions it: so what if the bailout didn't get fully paid back? isn't that the point of a bailout in the first place? in the end it looks like it will have cost about $10bln to save not just GM but a whole economy of businesses that are ancillary to GM ... if GM had been allowed to fail there would have been massive issues ... why would the financially sound Ford urge Congress to save its rivals? Ford might have gone bankrupt after the suppliers went under ...

    it was estimated that bailing out GM and Chrysler saved 1.5mil US jobs ... that's a lot of jobs ... and in the end it cost $10bil ?? drop in the budgetary bucket

    Last edited by RippyPartsDept; 12-03-13 at 05:28 PM.

  5. #215
    inspectorudy is offline Cadillac Owners Enthusiast
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    Re: CUE Update Status

    Wow!
    "ok so it depends on your definition of "they" but with the US Treasury holding about 7% of GM's stock (and not really ever having any influence on the business after the bankruptcy) that "attack" just seems cheap, immature, and slightly disingenuous".
    Where are the moderators when we need them? You hit a nerve Suze! I've heard "Government Motors since the '50's and it never had anything to do with the bailout. The bailout was only the ice cream on the pie.

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    Re: CUE Update Status

    Quote Originally Posted by suzesq View Post
    They do not call it GOVERNMENT MOTORS for nothing!
    they do not?
    then why do they call it GOVERNMENT MOTORS?

  7. #217
    suzesq's Avatar
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    Re: CUE Update Status

    Was that written by the SEIU?

  8. #218
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    Re: CUE Update Status

    what's that supposed to mean?

  9. #219
    inspectorudy is offline Cadillac Owners Enthusiast
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    Re: CUE Update Status

    Pour yourself a nice cold martini and chill out with the over-the-top defense of GM. They are having a good year so be happy. They have turned out some of the worst vehicles on the planet and some of the best but they are not Olympus. I have always looked at them as I would a major league baseball or football team. You love 'em sometimes and other times not so much. Now they are on a roll with some leading autos but if they stay true to form they will piss off a whole bunch of customers before they realize it. Lets all hope they react differently this time.

  10. #220
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    Re: CUE Update Status

    i'm not defending GM
    i'm not the one spouting the "Govt Motors" BS
    i'm just trying to disseminate facts to help people understand how ridiculous they sound when they say that kind of stuff

  11. #221
    georule is online now Cadillac Owners Enthusiast
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    Re: CUE Update Status

    Of course, it wasn't *just* GM and Chrysler that got funds in that period. And if you don't cherry-pick the numbers, the entire program is almost certainly going to end up in profit before it is done, even without counting all the jobs saved and tax income from them. It isn't there yet, but the experience with Fannie and Freddie make this an almost certainty.

    http://projects.propublica.org/bailout/

  12. #222
    inspectorudy is offline Cadillac Owners Enthusiast
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    Re: CUE Update Status

    You guys just are fixated on the bail out. I have heard the term "Government Motors" since I was a kid in the '50's. It had nothing to do with the bail out. As to a profit for the government it has already been established that the US gov. will lose about $10 billion on the deal after all its holdings are sold. It doesn't matter what happens to GM after that, but the gov will not get all of its money back. Period. (I like to use that word now that it is ok to do so)

  13. #223
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    Re: CUE Update Status

    we're fixated on the bailout? you're trying to deflect and defend others who are fixated on the bailout
    and just because you don't equate the term with the bailout doesn't mean that other people using it don't
    they mostly are making a snide and ignorant comment (or being disingenuous as I said earlier)

    and because the term has been in use for a long time makes it okay?
    i can think of quite a few terms that have been in use for a long time that are frowned upon by most sensible people
    some of them centuries old

    and as I said before and as georule also just said: if the cost of saving a large part of the US economy was $10bil I think we got off pretty cheap
    that's one day's worth of the federal budget (basically) ... you wouldn't spend 1/365th of the federal yearly budget to save 1.5mil jobs?

    ...

    my main point again is to illustrate how ridiculous people sound when they say "government motors"

    if you can explain to me how it isn't ridiculous then I'm all ears but saying that you've heard it since the 50's just isn't going to cut it

  14. #224
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    Re: CUE Update Status

    This reminds me of the Abbott and Costello Niagara Falls skit.

  15. #225
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    Re: CUE Update Status

    Or the famous "Who's on first" skit.


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