GM posts its highest profit ever: $7.6 billion

[dellinger63]

Originally Posted by Riot

Not just you. Pay cuts for all, especially starting sals, and pension cuts, benefit cuts. And all those jobs saved, the company reopening 2 plants, the supply chain jobs saved, the industry saved.

I'm tired of the whiners bitching. The President saved the US auto industry. Just say thank you. And if you don't like it, too bad, it's done, and it WORKED.

Good News: $7.6 Billion profit, $7K checks to 47,500 workers $332.5 million (four percent of profits)

Bad News: $27.2 billion still owed on $49.5 billion to the American taxpayer, divided per taxpayer $181 bucks.

Reality: $27.2 billion divided by 47,500 workers comes to $570,000 per job. Heck there are only some 10 million and some unemployed. At $570K a head we’re only talking about $5.7 trillion.

More Reality: This of course secures at least 47,500 union votes come November.

You Can’t Handle the Reality: We’re celebrating a $7.6 billion GM profit on a $27.2 billion Taxpayer loss?

My hope is at least a good portion of the 150 million taxpayers judge ‘WORKED’ much differently than you do.