Muscatine

that would be a trans am gta ......i owned one back in 1999...that was before obumbler hijacked gm and chrysler...i currently own a Ford F-150 4x4....so since u dont have a picture does that make u a nobody?

"Thanks to Obama"????   No...don't you mean thanks to the U.S. tax payer, creative accounting, and debt forgiveness?

It's nice to look profitable when most of the debt you accrued has basically been forgiven along with some of their most encumbered assets.  If you did your “shotgun bankruptcy” (brokered by BHO) correctly, then you’d better "show" a profit.  I don't trust them.  Enron type accounting will be the norm for them until there is a final day of reckoning and the game ends.  

GM is doing the typical $1B/quarter profit, until a “one-time” write off of $20B occurs every year.

This can be done in many ways, like counting shipments to dealers as sales, like offering big discounts on leases while deliberately over estimating residue value. 

I'll only believe they've turned the corner if GM posts profit for 5 consecutive years without a single “one time” write-off. Why 5, you may ask. That’s because GM received a $50B bailout. I figure, if they do $20B write off per year, collect $5B profit per year and refinance $5B from suckers per year, then their net loss would be $10B per year and they will have to ask for more bailout in no more than 5 years.  

In addition, on the same day as GM reported this profit, and one day before a rumored IPO filing, CEO Ed Whitacre is stepping down.

He will officially leave his position September 1.  Something stinks, and it aint just the fish washing up on the shores of D.C.

Some just never see the rainbow because they continually focus on the clouds.

Well, MsMal, look at all the rainbows you like, but the real truth is when they announced that they had paid back the loan they had (perhaps) paid off one loan but they still owe billions and truthfully the American taxpayers own over 60% of GM. So if we are going to patting someone on the back it should be us as it is OUR money they are playing around with and don't you ever think differently. BHO likes to play fast and foolish with our hard-earned money and when I say BHO, I mean his congress as he can't actually spend, congress does but he can "put the screws" to them to do his will.

Enjoy your rainbows.