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GM makes record profits in 2011. Are you serious? 7.6 billion
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[quote:Anonymous Coward 9712461:MV8xNzkwNDQyXzI5NzYxNTk4X0IyREJENEQ0] [quote:SHININGLIGHT:MV8xNzkwNDQyXzQ4QUI3NUNC] http://money.cnn.com/2012/02/16/news/companies/gm_earnings/index.htm This is probably old news to some of you but anyway, I was like, are you serious? Ok, I don't have a problem with a corporation making money. That's not the issue. The issue is that something doesn't add up. Two years after a bailout and they report a record profit. I mean I thought the economy is bad. Are we really buying that many new cars? The link says that they made some changes back in 2009 and that helped them be more profitable. Really? I don't understand all the numbers on the link but it says GM has to return 25.5 billion of the money they received. Here is what my thought is. The richer just got richer and poor just got poorer. Guess we all just need to suck it up. [/quote] Really fucking simple explanation. GM two major stakeholders are the US & Canadian governments. Think about who their two biggest customers are. If you can't see then you are a moron of the highest order [/quote]
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link to money.cnn.com
]
This is probably old news to some of you but anyway, I was like, are you serious?
Ok, I don't have a problem with a corporation making money. That's not the issue. The issue is that something doesn't add up. Two years after a bailout and they report a record profit.
I mean I thought the economy is bad. Are we really buying that many new cars?
The link says that they made some changes back in 2009 and that helped them be more profitable. Really? I don't understand all the numbers on the link but it says GM has to return 25.5 billion of the money they received.
Here is what my thought is. The richer just got richer and poor just got poorer. Guess we all just need to suck it up.
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