“Government Motors” is no more, now that the U.S. Treasury Department has sold off its remaining stake in General Motors. Taxpayers lost around $10.5 billion on the deal, which MSNBC’s Chuck Todd apparently thinks is just about as good as it gets.

Wow, those hopes weren’t very high, were they?

https://twitter.com/henrykelley/status/410179741677662209

  • peteee363

    what a tool! how can this be a good result, since the real problem with the automakers has not been fixed? Delphi retirees are still litigating their poor treatment in the bankruptcy. and the real problem that caused the bankruptcy was not even addressed, union pension and healthcare benefits. does todd even know most of the auto loans written today are subprime on their cars? yet another bubble about to burst!

    • ggoblue

      the real problem is the democrats drove us out of business with ever changing CAFE laws. if you outlaw our entire product line every 10 years eventually we wont have the 30 billion it takes to retool an entire industry. so the libs paid for the last retool. sound familiar? they created a crisis and then took over. standard op procedure.

      • peteee363

        café is another problem, and is not even directly part of the bankruptcy issue. paying fixed pensions and gold brick healthcare to former employees was, and is the problem with the u.s. automakers. right before the bailout, gm’s single biggest expense was not building of vehicles, but healthcare to workers. the union should never have been rewarded with such backend loaded plans for employees.

    • CR

      No kidding, the title of a diary at Daily Kos is ”
      GM bailout produced a windfall for U.S. taxpayers”
      http://www.dailykos.com/story/2013/12/09/1261515/-GM-bailout-produced-a-windfall-for-U-S-taxpayers

      There’s a bunch of liberal crap I cannot even begin to process since it makes no sense, and the article concludes with: “The $10.5 billion the Treasury ultimately lost on its GM shares, along with the $1.9 billion not recouped from Chrysler may well be the best investment Uncle Sam ever made.”

      How is it possible that people this stupid can get up and dress themselves in the morning, much less turn on a computer and write things?!?!

      • Zach Smith

        One of life’s unsolved mysteries.

      • Suzyqpie

        “the best investment Uncle Sam ever made,” if compared to the “investments” on the War on Poverty,” yea, GM was a stellar ROI. CTodd’s quote is pluperfect Lib thinking.

  • nickdqwk

    @chucktodd Is the the “Hope” of the “Hope and Change” that was promised? At least at McDonalds you will usually get change. Best we could hope for my A$$!

  • ggoblue

    i’m working at gm and i’m paying 20k per year in taxes…multiply by 100k…now multiply times 4 years…thats 8 billion in taxes…and thats not counting dealers and parts suppliers. its also not counting the monies we would have DRAWN off the treasury in unemployment and welfare…

    i’m a republican but hey, just keep up the hate and you can blow ohio again in 2016…

    • RightFinShark

      You may be a Republican but you are nowhere near a Conservative. A real Conservative would have never ” DRAWN off the treasury in unemployment and welfare…” They would find some other way to provide for their family than take a government handout. That kind of entitlement attitude is why America is going bankrupt. You are just a libtard in Republican clothing.

      • Bathing Suit Area

        Conservative plan for unemployment: just tell people who lose their jobs to make money “some other way”. No further details required.

        • Zane Henry

          No, sparky, the conservative plan for unemployment is creating an environment that fosters job creation, not increased dependency through unsustainable entitlement spending.

        • Thomas, Snarkmaster General

          And yet you guys don’t have a plan to counter it, BS…

        • Zach Smith

          Here’s a good way to make money. Start a green energy company with government loan guarantees. Pay yourself a huge salary. Declare bankruptcy after a few years and walk away with your savings.

          • Suzyqpie

            Company #1 goes bankrupt, start Company #2 so you can use tax lose carry forwards from Company #1. (Fine print at the bottom of page 781 of bankruptcy filing) Must be Big 0bama Bundler to qualify as shell game participant, See George Kaiser of Solyndra.

        • World B. Free

          I’ll refer you to my response to ggoblue above. But I suspect that you have no comprehension of the difference between “organized bankruptcy proceedings” and just closing your business and firing everyone.

          Stuck on stupid, as they say.

      • ggoblue

        you stupid jerk. of course i wouldn’t, but if YOU throw 1 million people out of work it will COST SOMETHING. here i am fighting these libs ever day on the shop floor and you, who knows me not, calls ME a lib. idiot.

        • Thomas, Snarkmaster General

          I don’t know you, but you sure sound like a Meggie McCain type…

        • World B. Free

          So, you equate going through organized bankruptcy with shutting the whole thing down and firing everybody? You have no idea how business (or the world) works. This is why no one believes that you’re a Republican, despite how you claim to vote.

          I really like some GM vehicles and would have gladly bought one IF they had done the right and moral thing by NOT taking money that was stolen from me by my government at the point of a gun.

          If they had handled this in a fair manner, they would have emerged strong and would have had a chance at once again becoming the largest motor company in the world, which would have been good for everyone. But instead, they (YOU) took the easy way out, screwed a lot of people, and still came up $10 billion short. They (and you) can go straight to Hades.

    • nickdqwk

      Start saving now, so when we all go under, it might be a little easier to survive the next 3 years. Then start over and wait (save) for the next progressive to be elected.

    • http://commentspammersmustdie.blogspot.com/ Kakarot

      i’m a republican . . .

      Why am I not convinced of that, goblu?

      • ggoblue

        because i just shattered your argument.

        now look up ”ggoblue” on twitter, and tell me i’m not rippin these libs every day.

        but you guys with your ignorant ”auto hate” make it very difficult on the 40% of uaw members who vote republican.

        • Thomas, Snarkmaster General

          Yep. You’re a Meggie McCain type…

        • http://commentspammersmustdie.blogspot.com/ Kakarot

          Bloo, honey, how, prezactly, did you “shatter” my argument? Especially since my total ‘argument’ was one question: Why am I supposed to believe you?

          When you “shatter” an argument, you usually have to supply at least one relevant fact.

          PS: Enjoy your weekend at the Buffalo Wild Wings Bowl.

    • Zach Smith

      What do you say to the people whose retirement saving were improperly taken from them to fund this?

    • Suzyqpie

      How’s life in Ann Arbor?

    • Steve in Katy

      Dealers? You mean the family owned dealerships that the administration decided 1/2 of them had to close? Delphi was a parts supplier but non-union so they got the shaft.

      Ford was in a tough spot too, but they came out of it stronger and without taxpayer monies. I see a lot of Camaros on the road and wished I had one but I just can’t bring myself to buying a GM product ever again. The whole deal was a page out of Socialism 101.

  • Guest

    And our children receive free “Time for Kids” publications to study at school each month… outrageous. No thank you.

  • therealguyfaux ✓ᵛᵉʳᶦᶠᶦᵉᵈ

    Because Twitter only allows 140 spaces, he could have said his attempt at conciseness was ambiguously worded, because “as good as… could [be] hoped” can mean “the least bad of all the ways it could have gone.” But no, he didn’t leave it there, and by saying it’s revisionism that’s making people say NOW, in hindsight, that it could have been done differently, but that at the time, no one said so– well, he just wasn’t listening, and now we know what he meant in the good-as-it-gets tweet.

    See, Chuck, ya done the “Lindsay Crouse”– ya cracked outta turn, and ya crumbed the play.

  • H50 ✓ᵛᵉʳᶦᶠᶦᵉᵈ

    Only an idiot liberal would have the nerve to say losing around $10.5 billion was the best we could do in a public forum.

  • ceemack

    Hey, Chuckles…ask all of the hundreds of GM dealers whose businesses were forcibly closed by government fiat how THEY think the bailout worked.

    • Suzyqpie

      And then build a cost model for the local govt who lost the revenue and employment of those closed dealerships.

  • LinTaylor ✓vitrified

    If you really believe that, I’ve got this nice bridge that I’m selling…

  • descolada9

    Paul Krugman and Chuck Todd agree

  • Steve__Jacobson

    F Chuck Todd or Chucky the Doll, which is more credible? You decide.

  • tim kert

    What a horses arse.

  • Billie Slash

    I offered F. Chuck Todd a penny for his thoughts.
    I got change back.

    • http://commentspammersmustdie.blogspot.com/ Kakarot

      WIN!

  • Brent Guthrie

    QUESTION: Who bought these shares sold off by the feds?

  • Matt

    Bailed out and still had to take bankruptcy. Working as intended.

  • AR

    Obviously the rule of law also made out well in the deal

  • BorderLine Guy

    Chuck is calling out those on twitter questioning him…we are “revisionists.”

  • jaun456

    Wow Chuck you really are a Dum as a post

  • Jack Deth

    Well, considering that Ford, Honda and Hyundai sales have been burying the tax payer funded and bilked competition since the bailout.

    For the sake of humanity. Mr. Todd exhibits tendencies that make his associating with the public questionable in the extreme.

  • Thomas, Snarkmaster General

    Isn’t that like saying “Aside from running into that iceberg, the first sailing of the Titanic was successful”?

    • therealguyfaux ✓ᵛᵉʳᶦᶠᶦᵉᵈ

      And, as a matter of fact, Mary Todd Lincoln WAS enjoying the play, from all accounts…

      • Thomas, Snarkmaster General

        And the Hindenburg? Minor fender bender.

    • Jack Deth

      To quote Michael Ironside’s “Jester” to Tom Cruise in ‘Top Gun’:

      “That was some of the finest flying I’ve seen in my life… Until you flew into that mountain.”

  • waterytart

    Do these people truly not understand where the bailout money came from, and to whom it will never be repaid? I think they have truly played way too much Monopoly.

  • ashknothole

    You all realize he works for NBC, right?

    • Zach Smith

      You mean NBC, left?

  • bill_a_bob

    I was wondering why that lumbar support on my new 2014 impala felt a little too strange and Onstar doesn’t call me back anymore . . .

  • John

    The disgust I have for these people cannot be described.

  • Acethepug

    Chuck? You have a little something on your chin, there …
    Seriously, a $10B loss is the BEST we could expect?

    Maybe he meant to say that, after Obama’s fustercluck illegal handling of GM from start to finish, he could have bungled it even worse, so be glad it was “only” $10B?
    Man, when the Media/Praetorean Guard goes all in for Obama, they go ALL IN, don’t they? Shameless, Chuck, just shameless.

  • AdamsParachute

    the only thing worse than having no goals at all is setting your goals too low.

  • NickGranite

    Well you have to admit, “We only lost 10 billion” is sort of a victory for an administration that runs deficits in the trillions.

  • Ken Alan Draper

    10 1/2 billion dollars down the drain GM still near collapse, economy still where it was, and now with more & more people trying to make ends meet by keeping their old cars running, the price on used auto parts has been artificially raised by elimination of supply. thanks Obama you turd.

  • Tre

    My wife and I have two autistic children. Ten billion could pay for a LOT of autism research, and we would actually have something to show for it!
    Chuck Todd, read this;

    Isaiah 5:20
    20 Woe to those who call evil good
    and good evil,
    who put darkness for light
    and light for darkness,
    who put bitter for sweet
    and sweet for bitter.

  • Clete Torres

    I’m impressed that this idiotic government – a group of people in which NOBODY has any clue about how private-sector business works because they’ve never spent any time in it – managed to ONLY lose $10b in this piss-poor choice in spending.

  • disqus_eric

    I wonder how many companies would NOT be doing better if given $10 billion in free money?

    I mean besides Solyndra…

  • lillymckim

    Democrats set the bar so low….