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SENATE VOTES "NO" on American auto loan
"Jack Johnson" > wrote in message ... > The anti-union Republican "southern" delegation, has lead the way, > against the $14 Billion dollar auto bridge LOAN, and has > succeeded.......with a "no" vote tonight. > > > General Motors has announced, tonight, on Detroit's WJR, that it is > "considering it's options". GM has already announced that it will run > out of money before Christmas. Given how TOTALLY and COMPLETELY GM is screwed up it is time to allow them to hit the dumpster! The option is to padlock the doors. So long as GM is run by people who have NO idea why wheels are round instead of square why would we expect that giving them $10 TRILLION would be anything but ****ing away money for people building bad cars that people don't want? Does it make ANY SENSE why GM builds 4 cars that but for a few cosmetics are the SAME CAR? Just hang a different grille and nameplate on it? Why set up an operation where you MUST sell 1 MILLION cars of a particular model to be profitable? Why not be satisfied with a smaller operation that's profitable? Why is it a BAD thing to make 150,000 cars of a model and have a demand for 300,000? When demand is not a constant, it is easier and cheaper to build UP than it is to build down. GM has earned going bankrupt and OUT OF BUSINESS. You only need to study GM's arrogant history and bullying behavior to take some solace at seeing them fall. It was almost ENTIRELY GM that fought to get street cars and electric trolley buses OFF the streets of America and BLOCK development of the vehicles and to OPPOSE light rail even till today. GM also fought against the concept of the electric car for most of the 20th century. In sum total, GM's KARMA has come home to roost. They have been a corporate bully throughout the 20th century. Ask the people who are still alive that were with independent manufacturers like Studebaker, Hudson, Nash, Packard, Kaiser, Tucker, Willys etc the steps GM took to insure those companies failed. Games with suppliers etc. Oh I am all for leaving GM to twist in the wind. Maybe some NEW companies will start that won't be as FAT and arrogant and the American people can have some really decent cars. You know, the American cars (no thanks to GM) were considered the finest in the world right up to WW-2. Cars like Cord, Duesenberg and so many others. Competitors that GM helped destroy using tactics that would make the MAFIA blush with envy. |
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