AP is posting 3rd quarter numbers - GM posted 1.1 billion loss

[Mary in KC]

and a lot of the other big corporations have numbers that are way down.

jI hope the stock market doesn't go into another big slide. My 401k was just starting to come back from the last one.

[notadmblnd]

1. last time GM posted numbers like that

GHW bush was presidentin in the whitehouse. You'ld think these Mepublicans could make the connection.

[Mary in KC]

2. I know

Every time the Republicans get in they get everything into a huge mess that takes years to undo.

[LynneSin]

3. I'm glad those Hummers and other behometh SUVs are paying off..

..I wonder what Toyota's numbers are? You have to be put on a 6month wait list just to get a Prius!

[Mary in KC]

4. I guess people with Prius to sell are making a killing

I was listening to the radio and this guy said he got $10,000 more than he paid. That's seems a bit high.

But that is good news for the environment.

[Kolesar]

5. Toyota is making big profits because they can demand a high price

There is no bargaining for a Toyota. The company knows the cars are in demand and that people will pay many thousands more for a Toyota than they would for an equivalent competitor's car.

[indepat]

6. Geez, who would have ever thunk soaring enery prices would impact

corporate producer costs and consumer income available for other types of purchases, thereby depressing almost everything except the profits of energy/energy-related companies. Wow, I learn something every day.

[gratuitous]

7. I wonder if this has anything to do with GM pulling its ads?

Remember a couple of weeks ago? GM made a big deal about pulling its advertising from the LA Times because their car columnist insisted on calling GM's 20 mpg crapmobiles a bunch of 20 mpg crapmobiles, and that their corporate leadership should resign?

It's a lot easier to take a huffy, principled stance such as pulling your advertising when you don't have any money to run ads.

[KharmaTrain]

8. I'd Watch Those Portfolios Closely

A bunch of my "market buddies" have been doing their share of profit taking lately...getting out while the getting is good, and waiting to see where interest rates will go and wait for the market to "bottom". One calls it "thinning the herd"...the market heats up, people make money, the big money swoops in, dumps stocks and clears out the "little guys"...then the big players pick up bargains and start making money...never missing a beat. And how neat it is they seem to always know which stocks to buy and sell...those brokers sure are smart like that Martha Stewart lady </sarcasm off>

What steams me is how this loss...most of it, as always, on mismanagement, will be used to justify more union busting and outsourcing. Thousands will lose jobs to "save the economy"...and this regime I'm sure will gladly give a bail-out loan with our tax money...or adding to the debt...to ensure the stock holders always get their dividend and the corporate suits keep their perks and large salaries.