GM is headed for bankruptcy AGAIN!!

[MERCMAN]

http://www.forbes.com/sites/louiswoo...kruptcy-again/

[tbone]

Government Motors was doomed from the start.

I used to care. Now I bid them farewell.

[fastblackmerc]

Let only the strong survive.

[sailsmen]

President Obama - "So now, I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry." "So now, I want to say what we did with the auto industry, we can do it in manufacturing across America."

Ain't it fun to spend other peoples money?

[Rockettman]

The unfortuate thing with this (if it happens), is the workers. Their families. Their savings. That's allot of people that the government doesn't care about.

[breeze]

Lmao should of bought a FORD

[FastMerc]

The unfortuate thing with this (if it happens), is the workers. Their families. Their savings. That's allot of people that the government doesn't care about.

You actually think the dam govt gives a dam! GM invested in the wrong direction in some ways should have waited till back on their feet! Some of threr autos are way to expensive.Our govt just doesnt get the fact nothing will change unless the masses go back to good paying jobs nuff said!

[Kickingwing519]

Like my old vic bumper sticker said "fight socialism, buy a ford" GM did some things right, the gan.national, chevelle, the f-bodys, but its bout time they throw in.the towel

[SpartaPerformance]

The unfortuate thing with this (if it happens), is the workers. Their families. Their savings. That's allot of people that the government doesn't care about.

Hopefully at some point they will be absorbed by Ford, Chrysler or perhaps even some foreign car companies that assemble cars here.

[guspech750]

I say Oh well. If they fail. They fail. I don't own a GM nor do I really want one.

Hmmmmm. Ford Corvette?


Sent from my iPhone
Eaton Swap + 4.10's = Wreeeeeeeeeedom!!

[Bigdogjim]

Obama filled the top jobs at GM with loosers from other Federal job, what did you expect.
I just read a report that the bailout in progress will cost the American taxpayers 25 billion now. I say turn off the lights, lock the doors.

Ford can step up and build cars American's want

[jerrym3]

Go Nissan/Datsun, BMW, Toyota, Kia, Hyundai, Audi, Mercedes, and all those other non USA auto makes from other countries!!

How I wish we still had Mercs, Oldsmobiles. Pontiacs, Plymouths, etc, but we decided a long time ago that it was "cooler" to buy a foreign brand, didn't we?

Was the American alternative that bad that we jumped on the foreign bandwagon?

Me? I've never bought, or even looked at, a foreign brand, and I never will, so I guess I'm, once again, in the minority.

[TFB]

I see the article as whining about one specific model when GM has several others that are good sellers... Chevy & GMC combined(and like it or not they are the same thing), always outsell the F series, Ford can claim best seller only for that reason...

[MarauderMike]

Their big problem is that 90% of their car loans (made by GM affiliate Ally) are to people with a credit score of 660 or lower, and 50% of those loans are to people with a credit score of less than 550. Sounds awfully familiar to how the housing mess got started with the government pushing (blackmailing) lending institutions into making loans to people who could normally not qualify let alone the ability to repay the loans.

[babbage]

Obama filled the top jobs at GM with loosers from other Federal job, what did you expect.
I just read a report that the bailout in progress will cost the American taxpayers 25 billion now. I say turn off the lights, lock the doors.

Ford can step up and build cars American's want

Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government (really we the people!) holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.

Obama is such an idiot with no business experience.