4.6 general chat
5th Gear Member
Joined: Feb 2010
Posts: 2,758
From: PA
Now in one way I agree that saving GM helped keep a ton of jobs, but i do not think that chevy needed a bailout to survive.
Because like ford CEO's did, why couldnt some of the big names in the Chevrolet comapny have taken a pay cut too? Whay should they sit there and make millions while there company is struggling, but yet us tax payers have to help bailout there company? And to make it all worse the big guys in chevy probably arent even paying the taxes that we pay to help bail them out, they prolly have enough tax cuts.
BrandofPoop
Joined: Jan 2007
Posts: 3,835
From: Bay Area
6th Gear Member
Joined: Aug 2009
Posts: 6,028
From: New Jersey
http://abcnews.go.com/blogs/business...illion-profit/
As stated, gm had a record year as far as selling cars and making profit, im not talking anout how much in debt they are.
As stated, gm had a record year as far as selling cars and making profit, im not talking anout how much in debt they are.
They may have sold more cars than in twenty years, but in prior years they were putting 40 cents on the dollar made back into the bank. Now, they must be putting 8 cents on the dollar made back into the bank. There is always a ton more to the story.
Chris Farley said it best. "You can take a good look at a Tbone by looking up a bulls ***, but wouldn't you rather take a butchers word for it?"
4th Gear Member
Joined: Mar 2008
Posts: 1,977
From: Atlanta
I don't doubt that. But in the world of finance bro, it is very easy to hide bullshlt on the books. Very easy.
They may have sold more cars than in twenty years, but in prior years they were putting 40 cents on the dollar made back into the bank. Now, they must be putting 8 cents on the dollar made back into the bank. There is always a ton more to the story.
Chris Farley said it best. "You can take a good look at a Tbone by looking up a bulls ***, but wouldn't you rather take a butchers word for it?"
They may have sold more cars than in twenty years, but in prior years they were putting 40 cents on the dollar made back into the bank. Now, they must be putting 8 cents on the dollar made back into the bank. There is always a ton more to the story.
Chris Farley said it best. "You can take a good look at a Tbone by looking up a bulls ***, but wouldn't you rather take a butchers word for it?"
Lizzy, I fixed that for ya
