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GM makes record profits in 2011. Are you serious? 7.6 billion
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[quote:Anonymous Coward 11215621:MV8xNzkwNDQyXzI5NzYxNzU3XzhENTU1MjI3] [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] The economy is improving. The USA is setting records for exports. People held off buying new cars for several years creating a demand for cars now. Citizens have paid down debt, built up some savings. Things are getting better. Obama will win in a HUGE historical landslide against Rick Santorum. [/quote]
Original Message
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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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