With 1 out of 4 homes in foreclosure, businesses doing shitty shitty, nobody except for banks are rationally making billion dollar profits, the quality of new cars is shitty shit, especially by GM...
you tell me if this is bullshit or not.

Quote :

"GM reports $2B 3Q profit ahead of stock offering "

11/10/2010 2:59:51 PM

why do you think it's bullshit

if they're falsifying reporting then it's a pretty big deal

more than your tard speculation

11/10/2010 3:02:33 PM

just because quality of cars is shitty shit doesn't mean people are going to stop buying them.

you do realize that in the grand scheme of things, only a small amount of businesses are doing shitty shitty. plenty of people are still raking in the cashflow despite the economy being "down".

11/10/2010 3:05:57 PM

It's called common sense. "GM needed $50 billion in U.S. government aid to make it through bankruptcy protection last year."

It's not feasible that anyone could churn a profit when you're doing that shitty.

11/10/2010 3:05:59 PM

sure it is. clearly GM made more than they spent in the 3rd quarter of this year. what does that have to do with the bailout.

11/10/2010 3:07:33 PM

After a 50 billion dollar boost you find it hard to believe they're getting back in their game?

11/10/2010 3:07:50 PM

Quote :

"you do realize that in the grand scheme of things, only a small amount of businesses are doing shitty shitty. plenty of people are still raking in the cashflow despite the economy being "down"."

actually, no. in the grand scheme of things, things are more fucked up and numbers reported are more fake than ever before. The nation is fuckin broke and if people keep buying shit that's shitty shitty, then you and the people you give a free pass to for buying shitty shit is contributing to the downfall of progress.

11/10/2010 3:08:56 PM

american cars are shit

11/10/2010 3:18:39 PM

^^ pessimistic attitudes towards the economy will only contribute to a longer recovery time.

11/10/2010 3:27:56 PM

GeniuSxBoY, most egregious misnomer on TWW?

11/10/2010 3:29:39 PM

^^lol, I only think that stat counts for people that matter

[Edited on November 10, 2010 at 3:30 PM. Reason : ]

11/10/2010 3:30:09 PM

it's not bull shit

it's horse shit

11/10/2010 3:30:22 PM

I wasn't pessimistic 5 years ago when the Dow was 14000.


But lies lies deceit bad policy bad policy lies lies bailout lies bonus more lies will have a toll on you

11/10/2010 3:30:40 PM

^

11/10/2010 4:23:46 PM

WTG BARACK!

11/10/2010 4:24:32 PM

They probably turned a profit from selling assets or consolidating long term pension contracts. Since they are currently private, it is impossible to know how they did it.

11/10/2010 4:30:43 PM

why cant yall just congratulate

11/10/2010 4:31:22 PM

I can't fuckin wait til bush jr jr gets into office and fixes this mess

11/10/2010 4:37:30 PM

GeniuSxBoY, how have you suffered through the recession? Because if you haven't been doing that bad, then that invalidates your speculation.

11/10/2010 4:41:34 PM

I DON'T UNDERSTAND WHAT I'M TALKING ABOUT

WHY AM I MAD?

11/10/2010 4:50:02 PM

dp

[Edited on November 10, 2010 at 5:36 PM. Reason : ]

11/10/2010 5:36:18 PM

Even when GM was down, they were still selling a ton of cars. They just had expenses. Revenue < expenses. Since they were losing money, they needed bailout money because they also own their own credit issuing service (which is retarded, but another issue). I'm pretty sure they had expected income at a later period, they just needed money up front to keep from going under.

Two years later and they've massively cut expenses while maintaining decent revenue. That equals profit. They're still a huge company that does tons of sales, they just needed to trim the fat and they've done that now.

Don't you own a business? How do you not understand profit and revenue?

11/10/2010 5:36:18 PM

In 2005, before the 2007-present financial crisis, when people HAD money, this is what GM was facing:

Quote :

"The immediate problems that GM faces include a sharp decline in sales, increased competition from non-US companies, and rising material costs. It also faces increased so-called “legacy costs” associated with the pension and health care programs provided to its employees and retirees. Sixth paragraph, http://www.wsws.org/articles/2005/mar2005/gmpr-m18.shtml "

I find it impossible and improbable that the sales of GM products has risen to the point of $2 billion profit WHILE INSIDE our current financial crisis which is on going from 2007 to present day with the one exception of the CASH FOR CLUNKERS which immediately followed by a sharp decline in sales immediately following and has absolutely no influence on 2010 Q3 numbers.

11/10/2010 10:46:26 PM

dp

[Edited on November 10, 2010 at 10:48 PM. Reason : ]

11/10/2010 10:48:44 PM

impossible and improbable you say?

[Edited on November 10, 2010 at 10:49 PM. Reason : ]

11/10/2010 10:48:44 PM

I don't get how you don't get this.

11/10/2010 10:52:24 PM

lol at GeniuSxBoy for trying to bring a serious topic in chit chat and expect people to care. I will say that, Obama is a Keynesian...

11/10/2010 10:55:29 PM

financially speaking, i'm doing much better right now than I was 2+ years ago

11/10/2010 10:57:51 PM

geniusboy's name is misleading :/

11/10/2010 10:58:06 PM

This dude seriously has to be one of the dumbest TWW posters ever

Quote :

"Don't you own a business? How do you not understand profit and revenue?"

11/10/2010 11:03:08 PM

This is almost totally attributed to union renegotiation and pension payoff. If you can halve your outlay by paying off the pensioners and trim salaries and benefits to a reasonable level you can easily turn a profit.

Pair that with a $50b infusion to do it with and pour into engineering and design and you're in GOOD shape. And if I remember correctly since the loan they're paid back like 12-15b and are handing the rest over in stock shares to the government.

Also, why do people still think/assume american made cars are horribly inferior? Almost half of the JD power "most-reliable" top 20 are american made. Those numbers are based on long-term reliability studies, not just some knee jerk rating based on numbers.

Quote :

"Top-five finishers Lincoln and Mercury are owned by Ford Motor Co., while Buick is owned by General Motors Co. The Cadillac DTS full-sized sedan, which is sold by GM, was named highest-quality car overall. "The domestics are moving a little bit faster catching up," Sargent said. Toyota, whose reputation has come under scrutiny in the face of massive recalls, fell two spots from its third-place standing last year. While average vehicle quality across the industry improved from last year's survey, Toyota's quality score fell slightly."

http://www.mlive.com/auto/index.ssf/2010/03/porsche_lincoln_top_jd_power_d.html

11/10/2010 11:36:39 PM

Quote :

"This dude seriously has to be one of the dumbest TWW posters ever"

Easily. It's like he's got a direct line to my facepalm reaction.

11/11/2010 12:50:34 AM

But according to him UV rays contribute to a warming atmosphere!

11/11/2010 1:18:43 AM