Yellow | GM Stock Under $1.00...

Both my parents retired from GM, 1 Union 1 Management. GM operates in a bazaar manner. Fisher Body (GM) made parts for Saturn (GM). GM ordered Fisher to take a loss when selling parts to Saturn. Saturn showed a profit Fisher showed a loss and the employee's at Fisher were always hounded to improve performance/costs. Management is amazing.
Having said this, I do not blame GM for it's demise. I blame the Federal Reserve and US Congress for collapsing the dollar. The whole country is in depression, GM didn't cause that.
We the People caused it by voting for good looking, fancy talking, lying/thieving used car salesmen. And we vote to get something for "nothing". Free healthcare is NOT free (who pays the Doctor?).
This bailout for GM and Chrysler has got to have a bad effect on Ford. 60 billion to the 2 welfare car makers and Ford gets nothing? I am against any welfare. Ford didn't want the 60 B's because THE 60 B's is all DEBT (and part of the US debt).
 
Obama Killed This

63CorvetteConvSil.jpg
 
Both my parents retired from GM, 1 Union 1 Management. GM operates in a bazaar manner. Fisher Body (GM) made parts for Saturn (GM). GM ordered Fisher to take a loss when selling parts to Saturn. Saturn showed a profit Fisher showed a loss and the employee's at Fisher were always hounded to improve performance/costs. Management is amazing.
Having said this, I do not blame GM for it's demise. I blame the Federal Reserve and US Congress for collapsing the dollar. The whole country is in depression, GM didn't cause that.
We the People caused it by voting for good looking, fancy talking, lying/thieving used car salesmen. And we vote to get something for "nothing". Free healthcare is NOT free (who pays the Doctor?).
This bailout for GM and Chrysler has got to have a bad effect on Ford. 60 billion to the 2 welfare car makers and Ford gets nothing? I am against any welfare. Ford didn't want the 60 B's because THE 60 B's is all DEBT (and part of the US debt).

I hope my Avatar expresses my thoughts.
 
Amen. I'd add Bush, Clinton, Bush, Regan, Carter, Nixon, Johnson, ..........
In fact, it's hard to find just one that honored the Constitution. Lincoln killed the Constitution, congress made sure, and continues to make sure, it never returned.
 
As GM goes so goes the nation. Don't worry I am sure government motors will build some fine (every mans car) for us to buy. If you don't like it walk.
 
government mess

As GM goes so goes the nation. Don't worry I am sure government motors will build some fine (every mans car) for us to buy. If you don't like it walk.
Yes, just imagine government bureaucrats running the day to day operations of a car company.:duh:
They, being so much wiser than us commoners, will build what we need , not what we will buy. Read Green!
Then to make it fair soon will come mandates for the other auto companies to build the same.
Does anyone remember the Trabant? A fine example of a government built auto.
I wonder, will Government Motors new model be called 'The Algore' ?

1975 Trabant - The 50 Worst Cars of All Time - TIME
 
Any word as to how much YRC is out as far as what GM owed the various YRC companies now that the bankruptcy has been filed? For that matter, how much did the Chrysler bankruptcy set YRC as far as lost accounts receivable? As far-fetched as it seems, remember that Fleming Foods' failure was in part due to losing what K-Mart owed them at the time of that filing. The GM announcement can't be good news for the YRC balance sheet. Not to mention the GM suppliers who are now out a bundle as well, and also will be put in a more difficult position to pay what they owe YRC.
 
Not good for YRC. Whatever GM owed them is wiped out by the bankruptcy. Every little bit hurts.
 
the sad part is no one is going to bail yrc out or the other company's if your not banks or autos the worse's is yet to come. if we didn't have unemployment money it be the 30's once more soup line's everwhere.
 
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