Hmmmmm, looks like it could double as a wireless optical mouse.
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Wonder where they got the design inspiration for it …

ExpressoBold on October 29, 2009 at 7:01 PM

Ha! Good one

Send a message to Obama and the UAW. Refuse to buy a GM product ever again. That is the only way this beast finally gets killed.

angryed on October 29, 2009 at 5:37 PM

I’ve been doing that since I bought a 1986 S-10 pick-up that was a total lemon. Long story short…in my dealings with their “customer support” dept in Detroit, they basically told me (paraphrasing) “suck it up, chump”. I swore then I’d never buy a GM product again. And now more than ever!!!

Avi Green on October 29, 2009 at 6:37 PM

Hmmmmm, looks like it could double as a wireless optical mouse.
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Wonder where they got the design inspiration for it …

But if there’s a car you need to buy when it arrives, here’s my suggestion: buy an Alfa Romeo, surely the only auspicuous part of Fiat’s return to American sales, and here’s just the baby to buy! The best looking SUV since the Peugeot 4007/Citroen C-Crosser.

“We are in too deep for us to sensibly back out now,” said Douglas Elliott, a former investment banker who is now a fellow at the Brookings Institution. “We will probably lose less money by putting in more now.”

This is BullShit. Investors call this kind of behavior “loser” psychology. Investors know when to cut their losses and invest in something that produces an acceptable return on investment. The psychology of bad investing is rife with stories of losers who kept holding negative investments and adding in more capital to meet margin calls.
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As long as its not their money, why should “they” care? It’s only when “they” have to answer for their decisions and the results therefrom that they begin to get real about government investing in private enterprise. It wasn’t revealed in the article who in the administration was making the decisions but I would take bets that it is “TurboTax Timmy.”
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Douglas Elliott (Harvard, Duke, JP Morgan), a former investment banker who is now a fellow at the Brookings Institution, represents “they” and speaks for “loser” psychology investors everywhere. The fact that he is described as “a former investment banker” tells you everything you need to know. (His tenure at JP MOrgan isn’t divulged).
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“We are focused on transforming the company and restoring financial health,” said Gina Proia, a GMAC spokeswoman. How about focusing on paying back the taxpayer to whom you owe your job rather than looking for the next round of “bridge financing.”

Going all in while holding a 2 of clubs and 7 of aces.

WashJeff on October 29, 2009 at 1:52 PM

We know for sure he doesn’t have a pair.

“We will probably lose less money by putting in more now.”

WTF? I will never figure out this liberal math.

farright on October 29, 2009 at 1:44 PM

Hey, at least they are consistent.

This is the same insane logic we are getting from the “adults in charge”:

Joe Biden,AARP meeting
July 16, 2009

Makes sense right.
If you want to keep people(or government) from going bankrupt,tell them to spend all they can.

These words of wisdom coming from the group that has political strategist making economic decisions:

As one CEO of a major financial firm told me: “The economic guys say that when they explain the costs of programs, the policy guys simply thank them for their time and then ignore what they say.”

The executive said he told the president that he’s at a disadvantage because he’s relatively inexperienced in economic matters during a time of economic crisis. “That’s why I have Valerie,” came Obama’s reply.

“Valerie” is senior adviser Valerie Jarrett — a Chicago real-estate attorney and one of Obama’s closest friends,

Wonder if this is why we have the government spending over 800 billion tax payer dollars to jump start job creation at a price tag of over $250,000 per job and a cash for clunkers program that hit us at $24,000 a piece.

No wonder our economy is in such a mess with these idiots running the show.

Now you know why Wall St. is so nervous!!!

Send a message to Obama and the UAW. Refuse to buy a GM product ever again. That is the only way this beast finally gets killed.

angryed on October 29, 2009 at 5:37 PM

Given their horrible sales while Ford’s are holding up, I’d that’s already happening. But you see what the result is right? Obama will see to it the UAW gets our money one way or another.

This company has gotten an amazing amount of special treatment and we should be asking why. it isnt even about jobs in Detroit becaue GMAC is closing its Detroit office and moving to Charlotte. somebody is pulling some strings here and questions need to bee asked!!!!!

angryed on October 29, 2009 at 5:37 PM

I second that motion!!!!!!!!!!!!!!!!

I would like to point out that GMAC is now owned by Cerberus, not GM. They sold it to them back in 2006. I’m still pissed about the GM bailout; however this new request is coming from Cerberus, not GM.

mrflibbleisvryx on October 29, 2009 at 5:49 PM

You’re splitting hairs. GMAC is GM and GM is GMAC. One doesn’t exist without the other. The fact Cerberus owns GMAC is moot in this situation.

Hmmm. Come to think of it, that describes the Federal Government as well….

There will be nothing left.

Do people STILL consider secession as “fringe”??

We have a government that is out of control – and not responsive to the desires of Americans. This has to stop people.

This will not be quick, we will not enjoy it.

I’d rather have private investment provide what GMAC needs, but given what the government has done to private creditors so far, who’d be stupid enough to get involved?

Whether another bailout for GMAC will be worthwhile is questionable, but it might turn out slightly better for taxpayers at the end of the day. Back in the 1980s Chrysler paid back its loan. Recently some of the banks have paid back TARP money. Maybe it could happen for GMAC.