Posted on 11/20/2008 5:55:46 AM PST by Red in Blue PA
GM has money for ads like this one I found on Yahoo Finance, along with Jet travel for its executives, and yet they are not showing one iota of will to cut expenses.
http://gmfactsandfiction.com/ from Yahoo Fianance this morning.
Usually when company is in crisis, they engage in cost-cutting, not expensive advertising campaigns.
The more I see, the more I believe they simply want taxpayer money without significant changes. Are the Japanese companies going to the Japanese govt?
This is insane.
(Excerpt) Read more at finance.yahoo.com ...
They claim in their ad that the US GDP will fall by 4% if the bailout doesn’t happen.
Someone needs to round up their creditors and tell them to place GM in involuntary bankruptcy to shut this mess down.
Why should they cut costs, when Uncle Sugar is going to hand over a large wad of cash? It isn't going to happen this session of Congress. It WILL happen after Jan. 20th, make no mistake about it.
re: Are the Japanese companies going to the Japanese govt?
Of course not, they’re saving their pennies to get to Washington. It’s much easier to get money there than in Japan. We have a pretty impressive track record when it comes to taking from the producers and giving to the takers.
From their ad:
Domestic automobile production would more than likely fall to zero – even by international producers, due to supplier bankruptcies
What a lie!
So BMW, Honda, Toyota, Hyundai and the like are simply going to close their plants?
These people are beneath contempt.
when sales are down, advertising often increases to induce more prospective customers to buy
This advertising is about the bailout, not about buying cars!
Yea, and after the money goes to lawyers, company execs, union bosses, etc.
The poor poor guy making 40$ an hour sweeping the floor at GM is gonna say “Where’s my money?”
I would love to be awarded a Caddie Escolade. I certanly can’t afford one. American car manufactureres have done a bit better in recent years, but to be successful, They need “right to work”, bust union stranglehold - level the damn playing field. I pray for the folk on C-Span that tell it like it is, and hope they don’t drive through Dallas.
Almost forgot... that ad, however, was a scare tactic, no different than the Dems saying republicans wanted to kill old people.
Anybody see the execs get punked out yesterday about “flying to the hearing in private jets with a tin cup in hand” it was priceless.
It’s the union. The union made those execs take private jets to beg. The union makes them put up those ads. The union I tell you!
Is a sarcasm tag necessary?
Reminds me of the Apple commercial mocking Microsoft for spending money on advertising instead of fixing Vista.
Bingo, those companies are thriving and exporting a lot of what they make here around the world.
This is a 3 part program, courtesy of Barry, Harry, and Nancy.
You will see it unfold after Jan 20.
1) Bailout
2) Card check -> unionize transplants
3) Tariffs and trade restrictions on imports
I was at HomeDepot in the electrical section. I wanted to buy a 50ft telephone line. They were all GM. I put it back on the shelf and went to Lowes.
I know. What I bought was probably made in China, but I needed the cord, and GM is at the top of my SOL list.
If they get caught up in an irrational panic about their viability or lack thereof, it would probably do more harm to the company’s bottom line than the modest cost of an online advertising campaign.
Ah yes, the old “if GM sneezes, the country catches a cold” argument.
Yeah, those 20,000 employees on the jobs bank program couldn't be part of the problem...
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