GM posts first annual profit since 2004: President Obama 1, John Boehner 0

[ProSense]

Union workers get profit-sharing checks as G.M. posts first annual profit since 2004

by Jed Lewison

NY Times:

DETROIT — General Motors, which nearly collapsed from the weight of its debts two years ago before reorganizing in a government-sponsored bankruptcy, said Thursday that it earned $4.7 billion in 2010, the most in more than a decade.
It was the first profitable year since 2004 for G.M., which became publicly traded in November, ending a streak of losses totaling about $90 billion.

In addition, G.M. said 45,000 union workers would receive profit-sharing checks averaging $4,300, the most in the company’s history.

Guess who said this sort of turn around would be impossible? That's right, none other than John Boehner, in June of 2009:

Does anyone really believe that politicians and bureaucrats in Washington can successfully steer a multi-national corporation to economic viability?

Actually, yes, and these numbers prove it. But Boehner and teahadist Republicans look at what's happened and pout. They say government sucks, unions suck, G.M. sucks, and we should have just taught them all a lesson by letting them go out of business.

more

[opihimoimoi]

1. The Baggers, Boner, and the GOPers ...ALL SUCK

[Botany]

2. Nice

[Enrique]

3. the radio RWers called GM "Government Motors"

and urged listeners to buy Toyota instead. :patriot:

[Mopar151]

4. Compared to the AIG bailout, this is peanuts

Try to explain this to people whose solution to most problems is "kick 'em in the balls!"

[TheWraith]

5. Kicked and recced, to balance out the unrecs this is getting.

Literally, I watched it go from a listed 7 recs on the Greatest page, to 5 when I clicked the article.

[Kdillard]

6. Awesome.

[Uzybone]

7. KnR

Obama 1, anti-unionist/anti Michigan/GOPers/pathetic-whiners 0

[Scurrilous]

8. K & R

:thumbsup:

[JoePhilly]

9. This is terrible news!!!!

I mean Obama did it, so it has to bad ... but ... I'm not exactly sure why it is terrible.

Hopefully some one will come along soon and explain it to me.

:rofl: