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geek tragedy (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 07:47 AM Original message |
General Motors lost $82 BILLION dollars under Wagoner. |
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xchrom (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 07:57 AM Response to Original message |
1. is that their u.s. divisions only? nt |
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geek tragedy (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 07:59 AM Response to Reply #1 |
2. That's GM as a whole. |
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Aloha Spirit (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:05 AM Response to Reply #2 |
4. I don't have numbers, but Buick was doing well in China for those years |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:05 AM Response to Original message |
3. I'm not that concerned about the corporate entity |
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geek tragedy (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:07 AM Response to Reply #3 |
5. Obviously that's a big concern. But, people are acting like Wagoner |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:10 AM Response to Reply #5 |
6. No I think people are reacting to the fact that |
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xchrom (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:14 AM Response to Reply #6 |
7. indeed -- that is the crossroad. nt |
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geek tragedy (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:17 AM Response to Reply #6 |
8. Before the economy went south, those companies |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:31 AM Response to Reply #8 |
10. Yes they remained economically viable |
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geek tragedy (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:40 AM Response to Reply #10 |
11. Also, CITI's CEO was forced out in November 2007. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:44 AM Response to Reply #11 |
13. Yes |
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geek tragedy (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:46 AM Response to Reply #13 |
15. Without finance, the entire economy would collapse. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 09:00 AM Response to Reply #15 |
18. and if we don't make capital assets |
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geek tragedy (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 10:45 AM Response to Reply #18 |
23. I agree. Both are necessary. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 11:06 AM Response to Reply #23 |
24. I think they both do |
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geek tragedy (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 11:44 AM Response to Reply #24 |
29. No, and perversely the amount of harm an industry can do |
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amandabeech (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 06:52 PM Response to Reply #29 |
43. Not in my book. |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:22 AM Response to Reply #6 |
9. Middle class Americans seem to have more choice about from whom they buy their cars. |
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geek tragedy (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:41 AM Response to Reply #9 |
12. I would think the $70 Billion in losses would be cause for more panic |
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Barack_America (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:51 AM Response to Reply #12 |
17. The losses too do not make the company more secure. |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:44 AM Response to Reply #3 |
14. There still is a steel industry but the Union |
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amandabeech (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 08:49 AM Response to Reply #14 |
16. Actually, the UAW has been making concessions for some time. |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 09:03 AM Response to Reply #16 |
19. I heard one concession they made was new |
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madmom (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 09:22 AM Response to Reply #19 |
22. I call total bullshit here, my SO just went out with 49 years, we get |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 11:25 AM Response to Reply #22 |
26. I remember reading that in a newspaper article posted in our |
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amandabeech (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 12:54 PM Response to Reply #26 |
33. I think that we've had this discussion three months ago. |
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madmom (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 12:59 PM Response to Reply #26 |
40. Frankly I don't care if you "buy that $3600 figure for 39 years"... I |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 11:47 PM Response to Reply #40 |
46. Apparently my pension is better than yours, that's a laugh, |
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madmom (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 01:00 PM Response to Reply #26 |
41. Frankly I don't care if you "buy that $3600 figure for 39 years"... I |
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madmom (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 09:13 AM Response to Reply #14 |
20. Excuse me BUT the UAW has done a helluva lot more than "token temporary wage freeze", lowering |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 11:36 AM Response to Reply #20 |
28. Don't give me that one about American steel, the |
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madmom (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 06:28 PM Response to Reply #28 |
42. "the auto industry fought tooth and nail" the auto industry that makes the decisions on |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 11:06 PM Response to Reply #42 |
45. I didn't say the UAW did it I said the |
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doc03 (1000+ posts) Send PM | Profile | Ignore | Wed Apr-01-09 09:17 AM Response to Reply #45 |
47. Who is Ron Bloom? Ron Bloom is a Union hatchet man/ |
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FormerDittoHead (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 09:15 AM Response to Original message |
21. Wow! Give that man a golden parachute! n/t |
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Jennicut (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 11:23 AM Response to Original message |
25. GM needs to make the switch to more alternative energy smaller cars |
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Kalyke (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 11:51 AM Response to Reply #25 |
30. First - they are. |
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GoCubsGo (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 01:15 PM Response to Reply #30 |
36. Lots of people use those trucks for business purposes... |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 11:27 AM Response to Original message |
27. AIG lost $62 Billion LAST QUARTER; Obama admin gave AIG $30 billion anyhow. |
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uponit7771 (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 12:48 PM Response to Reply #27 |
31. Yeap, I don't see the logic in letting GM fail but ShitiBank et al survive |
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berni_mccoy (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 12:50 PM Response to Reply #27 |
32. Obama also supported giving GM 13.4 billion with TARP (other Auto Companies received billions too) |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 12:57 PM Response to Reply #32 |
34. Compared to the over $200 billion he's supported giving to AIG (strings free!) |
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ecstatic (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 01:08 PM Response to Original message |
35. I'm irritated with the Michigan Governor's response |
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ecstatic (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 01:16 PM Response to Reply #35 |
37. Correction |
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moondust (1000+ posts) Send PM | Profile | Ignore | Mon Mar-30-09 01:23 PM Response to Original message |
38. I think the question is: |
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amandabeech (1000+ posts) Send PM | Profile | Ignore | Tue Mar-31-09 07:00 PM Response to Reply #38 |
44. Ford started looking for ways to restructure well before GM and Chrysler. |
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StreetKnowledge (921 posts) Send PM | Profile | Ignore | Wed Apr-01-09 09:24 AM Response to Reply #44 |
49. Totally agreed. |
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cwcwmack (369 posts) Send PM | Profile | Ignore | Mon Mar-30-09 02:42 PM Response to Original message |
39. what a clusterfuck. - nt |
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StreetKnowledge (921 posts) Send PM | Profile | Ignore | Wed Apr-01-09 09:21 AM Response to Original message |
48. Wagoner needed to go. |
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Bluenorthwest (1000+ posts) Send PM | Profile | Ignore | Wed Apr-01-09 10:23 AM Response to Original message |
50. And that's 82 billion that could have gone to AIG |
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