When is Obama going to let GM go bankrupt and restructure on their own?

  • Thread starter Thread starter Jonny B
  • Start date Start date
J

Jonny B

Guest
They lost almost another 10 billion in the 4th quarter even though they got some help. What a waste!
 
Yes, unfortunately you are right, and that's what should have happened to ALL of these companies including the banks.
Just another example of Bush fiddling with markets he has little understanding of - and now unfortunately Obama too.
The American system works - let them fail, refinance and restructure. As it is we are just pissing all our money down a hole we will NEVER fill.
 
Obama wants to keep GM going to make the new Obamavich, the peoples car, modeled after the Moscovich in Russia, next GM will be retooled to make our new Pol Pot Pajamas
 
If GM goes bankrupt, they will be finished because no one will buy their cars without guarantees re trade-in value and special warranties for service.
 
Perhaps sooner than you think.
I think they've had ample help to get them out of their old mindset and back on track.

FYI....Bush started giving GM bailout money way before Obama.
 
as soon as the people make it clear to these companies and to obameeeee that we are NOT going to bail the scumbags out anymore
 
Back
Top