I've been flamed on other threads for suggesting that GM is facing the real prospect of Chapter 11 but others are catching on. Incompetent, entrenched management, market share in meltdown and much better run competitors are killing this once great company.
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To: jalisco555
To: jalisco555
If CNN would spend as much time talking nice about our economy as they do fawning over Hussein Obama, we wouldn’t be in near the financial trouble we are in.
...that and stop backing the Ecosocialists in their non-drilling euphoria.
120 posted on
07/02/2008 5:08:54 PM PDT by
madison10
(Hobson's Choice for President 2008®)
To: jalisco555
Donning my tin-foil...I wonder if GM is putting out these numbers just so they don’t have to pay the buyouts and the new retirees? The pension was fully funded, still should be, but one never knows what bankruptcy would do.
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