By on April 26, 2010

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50 Comments on “Quote Of The Day: I Gave At The Office Edition...”


  • avatar
    ajla

    Don’t cry Camaro.

    I’m sure it was just a mistake that you weren’t specifically mentioned in the email.

  • avatar
    Cicero

    Oh happy day. GM “repaid its government loan in full with interest.”

    GM repaid a $6.7 billion loan with TARP funds — TAXPAYER MONEY! It’s like stealing from your neighbor to pay off your mortgage, then crowing about what a swell guy you are for meeting your obligations. These people make me sick.

    Hey GM, what about the $50 billion in taxpayer funds that Uncle Sam sunk into your failed company as equity rather than a loan? Did you pay that back too? Oh. Didn’t think so.

    GM: Former Mark of Excellence, current Lying Voice of the Obama Regime.

    • 0 avatar
      CamaroKid

      Bailout loans were made to GM on December 19th 2008… You are pointing the finger at the wrong President.

    • 0 avatar
      littlehulkster

      B-b-b-b-but HU$$IEN OSAMA BIRTH CERTIFICATE SOCIALISM GLENN BECK ARRRGGGHHHHHH!

    • 0 avatar

      You nailed it Cicero. Although Camaro Kid is correct in pointing out that this travesty commenced 12/19/08 under Mr. Bush. The current administration simply put the whole thing on steroids.

      That said, once the truth gets out it will become the proverbial fart in church and just give the public more reason to avoid GM. Sad.

    • 0 avatar
      BartMack

      I thought I remembered that GM got a whole lot more money than that from the gov. From all the articles I read thru, I could not make the numbers add up… I saw 6.7, 7.1, and 16-something….

      Remind me, please, how much of the 50 billion was stock purchase, and how much was loan/gift? I smell a stinky spin.

    • 0 avatar
      vento97

      GM: Former Mark of Excellence, current Lying Voice of the Obama Regime.

      To that I say:

      “Democrats, Republicans, Tea Partiers, and their ilk – First-world prosperity for themselves, third-world prosperity for the rest of us…”

  • avatar
    bnolt

    Susan has a future in politics. Maybe when Gibbs steps down….

  • avatar
    Sinistermisterman

    What gets me is that the mainstream press (as usual) just reported what GM told them… I don’t think I saw one big news outlet that actually picked apart the BS GM were feeding them.

    • 0 avatar
      Cicero

      And GM buys a lot of advertising.

      Coincidence? I think not.

    • 0 avatar
      BDB

      The only person in the MSM I saw call them out was Dylan Ratigan on MSNBC. He tore into them over this stunt, but everybody else has been silent.

    • 0 avatar
      carve

      NPR called them on their BS. My biggest pet peeve in the entire world is the wilful spreading of misinformation. They repaid their loan- just keep quite about that $60B gift the taxpayers are hoping they’ll break even on. You know…the one they used to pay off the loan, among other things.

    • 0 avatar

      Fox and the talk shows are all over it. You’d think as vitriolic as the NY Times was about GM before the takeover they’d at least report it.

    • 0 avatar
      psarhjinian

      Everyone loves a plucky underdog who dusts themselves off, picks themselves off and rises to the occasion, victory, jaws of defeat, eck-setra, eck-setra.

      Oh, wait, you wanted in-depth analysis and nuanced discussion of the issue? From the same media that turned anthropomorphic climate change into “OMG!!TEHGLOBALWARMZ0RS!!!1!1oneone”? Ok, sure.

      I’d like a pony.

  • avatar
    gslippy

    What does ‘join our community’ mean? I think Jim Jones used similar language in 1978.

    Or do they just want me to visit gm.com? I’ve done that, but somehow I don’t think that’s all they want, nor does it make me feel part of ‘the community’.

  • avatar
    RFortier

    As a former GM employee…I’m not to surprised to Susan hasn’t changed much.

  • avatar
    Ion

    I recently saw the Ed Whiticare ad. I almost can’t believe the audacity of the “paid in full with intrest” line, almost.

    • 0 avatar
      john.fritz

      I just saw that ad this morning while I was getting ready for work.

      I have purposely been working on not letting myself be upset anymore by the barrage of lies, misinformation and propaganda that streams out of the MSM each day. But when I saw Big Ed look straight into that camera and crow about how his boys paid that loan back ‘In Full!’, I just about had a stroke.

      How can GM advertise this sort of thing knowing it’s only a half-truth? They’re hell bent on chasing away every last customer in the country. Everything they say seems disingenuous and calculating anymore.

  • avatar
    pgcooldad

    The masses are asses – and sometimes in the auto business – that’s a good thing.

  • avatar
    Runfromcheney

    This is proof that GM hasn’t changed at all.

    I heard a blurb on the news about how Ford is projected to post a $1Billion profit for Q1, and the anchor claimed that it shows that Detroit is on the rebound. Ford has pretty much already rebounded, Chrysler has the opportunity to rebound; it just depends on if the new models take off like Sergio says they will, though GM is effectively doing the SAME thing they have done for the past ten years, though with a new CEO and four less brands, so people are more apt to believe them.

    I am so sick of GM it isn’t even funny.

    • 0 avatar
      Disaster

      A year ago Ford lost 14 Billion. They’ve strung together a few positive quarters in the 1 Billion dollar range. That still leaves them billions in the hole. They have HUGE debt, and loans and obligations coming due. I wouldn’t count them a OK yet.

  • avatar

    What a manipulative, vapid, all-out lying c*nt GM has in Docherty.

    There’s probably a more artful way to say that, but that doesn’t make it untrue.

  • avatar
    mikey

    I feel your pain guys. Its gott’a be tough eh? UAW and the CAW guys getting called back,feeder plants firing up ,more blue collar recalls. Families dodging forclosure.

    One would think these working class people should know thier place. The audacity of them thinking that taxpayers money should go to support the common good.

    Sorry to interupt folks, carry on GM bashing.

    Hey! Has anybody heard that the whole Toyota SUA thing was a US government/UAW conspirecy?

    Oh, that was last months news.

    • 0 avatar
      psarhjinian

      @mikey

      There’s GM bashing, which I generally don’t indulge in unless it’s deserved (did you notice me defend the Aveo?). Then there’s calling GM out for what is, truthfully, a lie in which much of media is complicit. They did not pay the money back: they just borrowed from equity that, truly, belongs to the taxpayer, in order to pay off another line of credit.

      This would be equivalent to me paying off my credit card by leveraging my mortgage: it might make some financial sense, but it’s not paying off my debt, not if I was being honest.

    • 0 avatar
      don1967

      @mikey,

      I would share your enthusiasm for working class people avoiding financial ruin, if only it was for real. Unfortunately it is just a financial shell game as psarhjinian explains; a bit of political theater paid for on the backs of other working class people. And it is not sustainable.

      The President (past, present or future) can use the masses’ money to hold up the GM corpse and dance it around all they like, but sooner or later the stench will become unbearable.

    • 0 avatar
      golden2husky

      Mikey: I really do want to see quality blue collar jobs remain in North America. But being deceitful by twisting the truth is not going to be helpful for General Motors. The press is ripping this apart and most people will realize that GM has tried to pull the wool over the public’s eye. All the news outlets, regardless of political position, are having a field day with this. GM has shot themselves in the foot. How is this GM bashing? You would be correct that some here seen to gain satisfaction out of seeing working people suffer and that is really sad. I can’t see how anybody would get enjoyment of that. But GM should have come clean

    • 0 avatar
      gslippy

      @mikey:

      One would expect that the $50B would enable GM to continue building vehicles, and that workers might be recalled to do so.

      GM, however, is not ‘the common good’. It is the artist formerly known as the world’s largest automaker, and once held by private shareholders. It is not an interstate highway, public park, or police force.

      So yes, it is audacious to believe that taxpayer money should be used for GM’s propping-up, particularly since that money will never be returned in the form of cash, check, or money order.

      GM has only dodged the first bullet. In the end, its survival depends upon product and profit, not gifts from the taxpayers. With Ford, Hyundai, and even Toyota continuing to be profitable and gaining market share, how will GM ever turn its sinking ship around for good?

  • avatar
    tpandw

    Paul Ingrassia had an op-ed column in the WSJ a couple of days ago. He says (and he, if anybody, would know) that the $6.7B figure was a pretty arbitrary determination of what part of the $50-60B govt bailout would be debt and what would be equity, the final worth of the latter to be determined in an IPO. His take on Whitacre was that he told the truth but not the whole truth. I hesitate to put any of this in here, since i’m relying on memory and don’t want to misconstrue what he said. So I’d suggest that anyone interested look it up in the WSJ. He’s the real thing where reporting on GM and the industry is concerned.

  • avatar
    supremebrougham

    I had this exact same email sent to me the other day and I was going to send it on to you, but I guess I don’t need to now!

    -Richard

  • avatar
    undrgnd40

    i have a math equation for this: VP + marketing = PhD in BS

  • avatar
    Mark MacInnis

    Sad….this whole country has gone to shyte since Clinton lied and got away with it. Now, everyone lies. Obama looks straight into the camera and tells America that his health care bill will lower costs and decrease the deficit, when he has a HHS actuary report in his pocket which proves it just ain’t so (Three days BEFORE the House vote…but the HHS report didn’t get release to last week.) But he (and indeed our whole country) just keep on going around and lying through their teeth….and acting like we all believe this junk. And everyone who pays attention, knows it. But no one seems to either give a flying f$ck about it or do anything about it. So Ed Whitacre and his flying monkeys at GM say, let’s just tell a big lie. Everyone does is. Even presidents do it. What’s the harm?” Memo to GM…you are frauds. Won’t EVER see me in a GM showroom. Know it don’t mean much to you, Ed, but I can’t ever do business with a company and a CEO that would foist such a bald-faced whopper on the public….

    • 0 avatar
      porschespeed

      @MarkMacInnis,

      Apparently you missed the precedent Presidents. They ALL lied to the American people.

      Work your way backward from Clinton, and you can find each and every one of them has a collection of bald-faced untruths and half-truths. Readily and easily verifiable in peer-reviewed historical tomes.

      We can argue the ends v. means equation in each of those cases, but please, let’s not pretend there has ever been a President who did not lie to the American people at some point during his tenure. Generally about something far more relevant to our country than a little extramarital hide-the-Cohiba.

      I’m sure even Harrison lied in his 32 day stint.

      While I’m not supporting the practice, the intimation that this is a novel development is simply ludicrous.

    • 0 avatar
      littlehulkster

      The problem here is that many Americans still cling to the feeble and totally unfounded hope that any of the elite actually give a shit about them and are looking out for their best interests. Both “sides” (Which really aren’t terribly different) of the fence hold this notion, and both are wrong.

      I am firmly of the Leftist persuasion, and I hold Obama in no higher regard than I hold any other American president, which is somewhere only slightly higher than Robert Mugabe.

      Notice, however, how I don’t post lengthy screeds about HU$$EIN and his terrorist Muslim socialist health care bill on internet car forums.

    • 0 avatar
      vento97

      Porschespeed

      Apparently you missed the precedent Presidents. They ALL lied to the American people.

      Spot on!

      But apparently other people won’t allow facts to get in the way of their ideology (ideology = idiot + logic)…

      “Democrats, Republicans, Tea Partiers, and their ilk – First-world prosperity for themselves, third-world prosperity for the rest of us..”

    • 0 avatar
      porschespeed

      Vento97,

      Thanks for being a well informed American citizen! My ancestors (and me!) are proud that someone gets it.

      As to the shills for da machine… well, between my direct relative who attended the Continental Congress (nothing too spectacular, but he did do the work) and the fact that my family was here long before it was the “US”, I have the notion I can be non-plussed, and unimpressed.

      (Their fam prolly came in the 1800s…
      What newbs…)

      I laugh at their misunderstanding of why and how this country exists.

      With complete impunity.

      (Unless I’m dealing with the native folks some of my relatives scammed and killed. In which case, I have mea culpas rightfully at the ready.)

  • avatar
    PeriSoft

    Not a word about the fact that this crap was spammed? I sure as hell didn’t sign up for the GM mailing list, so where’d they get their addresses? The same list that MR. BARRIESTER BADUL SOWETO used to tell me about the $10M US DOLLARS I’ve inherited?

  • avatar

    The math doesn’t add up on the loans but the bottom line really depends on the current product…quality, after sales service etc.

    It sounds like that is improving so I have to be honest-as a taxpayer and a North American I’m cheering for a GM win.

    I don’t need to see Chevy go belly up just so I can wrap myself in a nice warm blanket of smugness.

  • avatar
    obbop

    Rabid purveyors of USA history and the many aspects that are incorporated within history; past economics, sociology, human psychology, cultural mores, sociology, the many and varied aspects of the human condition, May learn what I have; historical studies are indicative, to me, of varying levels of class warfare from the years leading up to USA independence to today.

    The Founders intended for an elite class to “own and operate” the federal government but I believe the Founders expected the elites to be honorable men who would place the commoners’ and the country’s interests alongside their elite-class interests but along the way that honor slipped away and personal greed and class interests over-rode most everything else.

    • 0 avatar
      vento97

      The Founders intended for an elite class to “own and operate” the federal government but I believe the Founders expected the elites to be honorable men who would place the commoners’ and the country’s interests alongside their elite-class interests but along the way that honor slipped away and personal greed and class interests over-rode most everything else.

      The Founders are probably spinning in their graves faster than the redline of a formula-1 engine…

    • 0 avatar

      The Founders intended for an elite class to “own and operate” the federal government but I believe the Founders expected the elites to be honorable men who would place the commoners’ and the country’s interests alongside their elite-class interests but along the way that honor slipped away and personal greed and class interests over-rode most everything else.

      And the Zinnification of American history continues. The educrats don’t like teaching facts and dates because they’re inconvenient for the approved narrative. We end up with historical illiterates who make grand statements without bothering to actually cite facts that back up their opinions.

      It seems rather odd that the founders would want a system run by the elites, yet they implemented a system that is effectively in the hands of the masses, through the House of Representatives. There’s no question that the Founders wanted a bicameral legislature, with a more elite higher house that could restrain the populist sentiments of the lower house (we have a republic because the founders knew that pure democracy usually devolves to mob rule – which is why we have all sorts of required supermajorities when making significant changes – Ben Franklin said that democracy was two wolves voting to eat a sheep while a republic has a well armed sheep contesting the vote), but the simple reality is that they ended up giving the lower house, the people’s house, the most authority.

      We do not have three “coequal” branches of government. The people in the United States are the supreme sovereigns. The House has the power of the purse and it also has the power to impeach the other two branches. The House not only can impeach a President, it can impeach Supreme Court justices as well. It’s pretty simple. If you have the power to fire someone, you’re the boss.

  • avatar
    threeer

    That folks at GM can state this with a straight face is sad. Even sadder is that many folks will believe it. Look, most of us (I assume) would love to see GM really, truly recover…you know, with product people actually desire across the entire line up, not under cover of billions of taxpayer-provided relief. This is not a payback and thus should be called out for what it is…a marketing fabrication of the highest order that we (you know, the owners) of GM should not stand for. It galls me that Whitacre and such believe the American people to be complete idiots. The money is lost forever and will never be repaid in full to the taxpayer, and that is truly criminal.

  • avatar
    windswords

    I heard the radio commercial touting the loan “payoff” this morning on the way to work. It struck me that not only is GM lying to us, but they are “plagiarizing” Chrysler too. That line about “we paid off our loan years early with interest” is taken directly from what Chrysler actually did in the 80’s. They paid their loans from private banks (not the government) early and with interest when many pundits (just like today) said they would never make it. I believe that GM is trying to cast themselves in the same light as Chrysler back in the 80’s, which they know many people still remember.

  • avatar
    N Number

    I’d find GM’s statement much more credible if it was written in complete sentences.

  • avatar
    picard234

    This email has one giant sentence fragment and improper comma usage. Nice proofreading. She sent this to how many people?

    • 0 avatar
      rmwill

      The only one more illiterate than Hummer Susan is Aztek Mark Reuss. He talks like a a 11th grader in a remedial English class. He must have partied a lot at Vanderbilt, as most rich kids who go there to spend daddy’s money are known to do.

  • avatar

    Although Camaro Kid is correct in pointing out that this travesty commenced 12/19/08 under Mr. Bush. The current administration simply put the whole thing on steroids.

    That’s historical revisionism. When the Senate couldn’t come up with a plan, the Bush administration indeed loaned money to GM & Chrysler, but only enough to last until after Obama’s inauguration. The plan that Obama ultimately implemented was almost entirely his administration’s work. When the outgoing administration invited the transition team to take part in the discussions while they were still in power, the Obama team refused to participate, preferring to craft their own bailout program after Jan 20. This is all well documented.

    Comparing the Bush administration’s fairly simple bridge loan to Obama’s voiding the property rights of senior debt holders and effectively giving GM to the UAW and Chrysler to Fiat is not intellectually honest.

    • 0 avatar
      psarhjinian

      Comparing the Bush administration’s fairly simple bridge loan to Obama’s voiding the property rights of senior debt holders and effectively giving GM to the UAW and Chrysler to Fiat is not intellectually honest.

      So is saying that the Obama administration voided their property rights.

    • 0 avatar

      So is saying that the Obama administration voided their property rights.

      So you’re saying that secured creditors got paid before the UAW, an unsecured creditor?

      No that isn’t intellectually dishonest, unless you feel that law professors like Richard Epstein were being dishonest when they said that the Obama administration was ignoring long-standing bankruptcy procedures as well as ignoring the property rights of senior debt holders.

      Oh, and unlike a famous former “lecturer” at UofChicago’s law school, Epstein is actually a legal scholar, with a long list of published legal articles.

    • 0 avatar
      psarhjinian

      GM’s bondholders were not secured, and were well back in the line behind GM’s (many) other creditors.

      Ergo, were it not for the government’s assisted suicide of Old GM, those bondholders would have gotten table scraps. Pre-bankruptcy, GM was functionally worth nothing, and what assets it had would have gone to lien holders. The bond-holders would have ended up with GM’s cash.

      Guess how much actual cash GM had? Hint: you’ll have trouble using numbers above zero.

      In theory, yes, the Obama administration did provide a structure to GM’s bankruptcy which is a little different than letting GM twist in the wind. Without that structure, financing and guarantees of equity, those poor, bedraggled bondholders would have gotten nothing.

      So no, they didn’t “get screwed”. If they think that, they are were clinging to a false assumption about what their bonds were worth, or being deliberately disingenuous for the sake of the own, undeserved, gain.

      Recall that those bonds were rated Junk for years prior. The bondholders “getting screwed” was little more than PR stunt to try to wring blood from a stone. Unfortunately, the “poor little old lady” bondholder, supposedly screwed by Big Bad Barack Obama makes a really good image for the Right to cling to. But just as Reagan’s “Welfare Cadillac” or Hillary Clinton’s “Running under Fire” was, it’s pure, heartstring-tugging fiction.

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