Death Watch for GM?

Maybe the name GM will live on...

But FORD, GM, Chrysler...
They all died some time ago.

Fords mission was to bring Affordable Tranportation to the people. Something the common man could afford. Afford meant to Pay Cash for, maybe having to save a year or so.

American Auto and Industry was born out of value creation and the hard nosed competitive business of value creation.

Now the heart of the Auto Industry is to get you into further debt slavery.

They have abandoned Capitalism and adopted the ideology of government control and personal slavery, rather than value creation and personal freedom.

GM deserves to Die, quite frankly.

They chose kill the Electric Car in the 70's and now try to convince us that 40 miles is the best they can do. And, rather than making it affordable they make the thing overbearing, heavy, and impracticle.

The Problem is that you can't or now have woken up to realize Debt is Bad.

"The rich ruleth over the poor and the borrower is the servant of the lender." GM's entire Goal is to make you a Slave to their finance company... Not to bring you ever increasing values and the original mission of affordable realiable transportation. They now scheme to take your money and put you in slavery while paying another portion of your income to their owners the oil companies...Evil Slimy Snakes...

But Deserving Has Nothing to do with it.

They have no forward thinking plan of value creation but are stuck in the suicidal business trend and anticapitalistic (government controlled) economic philosophy. No Amount of paper or credits can solve such a problem. The only option they have is to force a monopoly on all forms of transportation as those who will create values for society take their place with new and better forms of tranportation...

It is Universal Law, Quantum Physics,

It is just a matter of TIME..

are going under. The only ones going under are the people. Corporations have access and privilege to our money. Ugh!

If GM folded.

I would bet 5 more car companies would spring up in the first year producing better cars, better engines, better ideas than GM has done in 50 years.

Same goes for Ford.

We need to get the friggin' gov't off our back and let industry RUN. Yes, I know, I know... pollution. But we've past the point where a company can afford to start-up with the weight the gov't places on their backs. Back off, let them establish themselves and then give them thresholds and guidelines regarding pollution.

I may not know the truth, but I know when I'm being lied to...

The only reason people do business with them is that GM is "too big to fail". If there wasn't the implicit guarantee of the US government, GM would've gone bankrupt many years ago.

My guess is that the government will keep giving them money, until GM gets divided into two (or more) companies. One of these companies will hold the debt, have little or zero productive capacity, will default on the loans given by the US government and will go bankrupt. The leaner corporation will carry on operating, and will manage the still profitable foreign subsidiaries.

It will be another case of socializing the losses.