In Obama’s State of the Union address we were told General Motors is the world’s No. 1 automaker, and that is true only if you count the GM vehicles purchased by China. Obama didn’t mention China. Nor did he mention that General Motors still owes taxpayers at least $25 BILLION, or that Government Motors has resumed charitable (?) donations, not to the stock holders who lost everything, but to an opera house and an “African American Museum.” An example of the good management at GM, seeking to boost embarrassing sales of only 603 Chevy Volts in January 2012, is the Super Bowl ad you’ll see today (and below). The Atlantic reports the going price for this year’s commercial is $3.5 MILLION for each 30-second spot. Then there’s the cost of making the ad. The taxpayers and stock holders are still screwed.
…the Treasury would have to sell its stock for GM at  $53.98 to break even. As of Wednesday, GM’s stock was at $24.92. SourceÂ
Chevy Volt Super Bowl Ad 2012 (video)
Many thanks to Doug Ross and Larwyn’s Linx for linking in HalfTime in America!
Posted by Maggie @ Maggie’s Notebook
[...] GM: $25B (GM is feeling so good about their sales of vehicles in China that they have resumed charitable (?) giving – an opera house and an African American museum. Nothing to the stockholders who lost everything when they the company went into bankruptcy. Then there’s todays Super Bowl ad at about $3.5M per airing). [...]
This is what happens when the government runs a company. Obama gave GM to the unions. The Unions gave themselves great contracts, screwed the stockholders, screwed the taxpayers, and gave us the VOLT. Nobody wants a VOLT.
4 more years of Obama and there will be no private businesses and no money in the till.
findalis recently posted..Super Bowl Sunday!
What a government ponzi scheme and shame on GM – GM has Gone Muslim in principle like it’s leader Obama. He managed to get their reputation ruined like our country has been ruined. America is being laughed at like that joke of a car Volt. How disgusting and disgraceful for the USA!!!
There is just no end to the Obamanation of Desolation’s distruction.
[...] ID and a E-Verify Rebellion: CatoDetroit ‘Comeback’ Ad Filmed in New Orleans, L.A.: WSGM owes us $25B: Who paid for Super Bowl Chevy Volt Ad?: [...]
[...] When it comes to actual businesses, they are no better. Normally we wouldn’t have facts to look at because the U.S. government didn’t used to own businesses we could evaluate for success. We do now. The government owns General Motors. How is it doing? Maggie over at Maggie’s Notebook brought up a good point in this regard from Super Bowl 46. [...]
The reasons why smart people do not buy Electric or Hybrid cars are: Batteries are expensive, short lived, efficiency isn’t 100 % and the electricity is not free. Going electric you won’t decrease Air Pollution because 50 % of the electricity is produced by burning COAL. By the way a Jetta Diesel, TDI for $23000 makes 40MPG.