What's Up With GM??

Hey man, we own a good chunk of your business. And you have the balls to turn around and send 500 jobs to Mexico??

http://news.yahoo.com/s/afp/20110120/ts_alt_afp/mexicousautocompanygm

Yup, Saving Detroit Was A Waste..

Or was it??

http://www.freep.com/article/20100914/BUSINESS01/100914070/1320/GM-to-recall-400-UAW-workers-at-Tenn.-plant

Who else is creating jobs and paying back their loans? Seems it might have worked as good as TARP.

GM Is Toast

If the bondholders (the really greedy bastards in this) won't take a deal, well, screw you. I suspect they will wind up with all of the taxpayer bailout money in the end. Way to go guys, tank an American institution and still get rich.

Meanwhile, the Unions, edge closer to taking a bullet (not in the head, which will happen if GM tanks). A little too late I think. Greed, the same that put the US where we are today, is about to sink GM. All any of us can do, is sit by and watch. A great US company and a huge swath of the US/Canada and Mexico will plunge into "depression".

http://money.cnn.com/2009/05/26/news/companies/gm_bond_offer/index.htm?postversion=2009052618

GM Leaning Towards Bankruptcy

http://www.nytimes.com/2009/05/23/business/global/23auto.html?_r=1&hp

We have tossed more cash at them than their total debt, so I am pretty baffled about what's up with GM. Tank, go ahead and submit bankruptcy papers and screw the bond holders, they were stupid to invest in a company who's management had no vision. Let the rich bastards move a little closer to the majority of Americans in the middle class.