Posted on 10/10/2008 7:56:27 PM PDT by Azzurri
I see that sort of thing all the time. Among government project managers. And project managers of government contracts in private companies. Their idea of long term planning is two or three quarters out. They feel like they have to make their mark now, To hell with if what they are doing makes sense, at least they are doing, and are seen to be doing, SOMETHING. Of course they just sink whatever project they are on deeper into the muck and mire of bad management.
--vicefund.com
The first car produced after Obama is President will be called the “KGB” K from the K car designs, G from GM, B from Barry Obama.
Obama will get rid of Ford altogether because the Ford truck was the America souths favorite.
The New KGB’s will feature 3 fabulous colors, one (black) reserved for government. Cardboard interior door panels, plain vinyl bench seats, formed cardboard dash, and a single round dial speedometer gauge. A 4 cyl. engine 33-1/3 hp, 4 speed standard tranny. Standard rounded corner box shape body, which will never change- ever.
Pontiac should be the survivor, not plain Jane and boring chevrolet. And I don't agree that GM is better than Dodge/Chrysler. At least they build performance an style and reliability, which GM hasn't done in decades.
General Mopar.
GM just got a $25 billion bail out as well. I thought it was supposed to be so they could sell 0% car loans. Guess they lied and paid union medical benefit demands instead.
Regardless, good riddance to America’s best example of union greed.
Let’s see...
Troubled company #1 with a money hemorrhaging problem joins with company #2 with a money hemorrhaging problem. And this is supposed to stop the money hemorrhaging ?
This is as stupid as Bernanke cutting the Fed Funds rate at a time when the Fed has lost ALL CONTROL over the actual rate of borrowing, over all borrowing, over all lending, etc...
UFB
To: Azzurri
Lets see, take II, the Sequel...
Troubled company #1 with oversupply of Big Trucks joins with company #2 with oversupply of Big Trucks, and what, they make baby trucks? Shouldn’t both these companies be looking to merge with companies that specialize in building tiny fuel-efficient vehicles?
Does anybody else think the above perfectly fits Einstein’s definition of “insane”?
UFB
GMTA!
Well, Uncle Sam just guaranteed the Big Three (Cerberus is a private company) about a $25 billion line of credit at 2%, interest and principle payments postponed for 2 years. Maybe the taxpayers care.
.But then, either way, taxpayers will not see the $25B.
yitbos
It is already the Big Two:
Japan and "other".
also:
GM, Chrysler in merger talks: reports
AFP | Oct 10, 2008 | Unknown
Posted on 10/11/2008 3:48:25 AM PDT by decimon
http://www.freerepublic.com/focus/f-news/2103008/posts
If you would like to be added or dropped from the Michigan ping list, please freepmail me.
I thought Michigan voted against gay marriage?
I talked to Speilman the V.P. of North American operations in Sutton's Bay. He was driving one before they really hit the market. He showed me the car and I ask him if he thought he hit the market at 50K. He said Why of course. Well I never pay more for cars than I paid for my first house. I explained the PT cruiser to him. He said they were targeting a certain market. Now you know why they are in trouble.
“Well, Uncle Sam just guaranteed the Big Three (Cerberus is a private company) about a $25 billion line of credit at 2%, interest and principle payments postponed for 2 years. Maybe the taxpayers care.”
I care about the bailout, to be sure. About a merger? Not at all.
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