GM, Is it cost efficient to keep it breathing, but not producing?

  • Thread starter Thread starter Love Canada
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Love Canada

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Will a bailout just be used to finance the closing of doors, and not to give work to the workers?
 
Yes you are correct. GM has not been keeping up with the imports on there cars and pickups. I have a 2003 GM crew cab pickup, with 111,000 miles on it and had to replace the a/c unit at 70,000 miles for $1,500.00, and just had to replace the speedometer, and tachometer, for $410.00. I traded my wife's 2003 suburban in this year for a Toyota Sequolia, it has more room in both rear seats, has more power, can turn on a dime, doesn't take a whole parking to turn around. My next pickup will be a Toyota 3/4 ton when they come out with one. Toyota is made here in Texas.
 
GM is a lost cause. It needs to declare bankruptcy, break the union, and start over.
 
GM has just reported it has burned through 6.2 billion in cash and will be going after ANOTHER bail out.
http://www.marketwatch.com/news/story/GM-loses-96-billion-fourth/story.aspx?guid={7213B327-C872-4217-92ED-1E1DCB318621}
""We expect these challenging conditions will continue through 2009, and so we are accelerating our restructuring actions," said Rick Wagoner"
This is NOT good enough for survival - they should have been on top of it sooner.

How many 'bail outs' will we stand for?
 
This is why they should have been allowed to fail! Work for workers? No one is buying cars! The Liberal mentality is one I simply cannot understand. Do the laws of economics escape us? If no one can or will buy a car at $20,000, what would be the purpose of making them, other than to make phoney work? When the Conservatives were shouting from the rooftops, "let them go to Bankruptcy court! Get rid of the UAW!" or, "Eliminate the corporate taxes! You're punishing success in business, and rewarding the failures!" we were called fools. Do we as a nation fail to see the price of the Piper's tune? When wise men are shouted down, fools are at the pulpit. Did you hear the President the other night, touting fiscal responsibility in one breath, then calling for non-emergency spending as an immediate need in the next? That is absolute folly. We cannot afford to invest in the future when Hillary Clinton is openly BEGGING the Chinese to keep buying our debt! Into what alternate dimension have we slipped, when insurmountable debt is heralded as fiscal responsiblity and a wise, sensible investment strategy? I think reality has left the halls of Congress, without leaving a forwarding address!
 
the bailout is for the United Auto Workers Union. They knew this would happen 10 years ago. Go back and read the papers.
 
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