Quote:
Originally Posted by BigAls87Z28
Actually, it would be more like a business that its chief product, (In GM's case, its only product) has either stop selling or selling at such low levels due to outside circumstances. And that no matter what steps you have taken to slim down and reduce your overhead, the people are not buying your product and cannot produce the revenue levels to keep the company moving foward. they will need a loan to move foward to get through this troubled economic times.
We arent bailing out the Big 3, we arent propping up bad business and thats the problem people need to understand. As GM's CEO Rick Wagoneer said yeterday, that late last year GM made massive moves to turn the company around. The press, wall street, everyone saw light at the end of the tunnel. Then this economic meltdown happend, and GM was stuck right in the middle of revamping its costs, revamping its business, putting together a very expensive advanced powertrain program together, when the floor fell out on thier business.
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I highlighted the failing business part. No matter how you wanna spin this, investing money into a business that's failing or about to fail is a bad idea. Are you gonna argue that investing in a failing business if a good idea?
How many shares of GM stock do you own, Al?
Off topic, aren't you on vaca before your new job? shouldn't you be trying to sex your gf instead of hanging out here.
