Those jack-asses should take a few economics and accounting classes, and study history.
US steel industry went down the tubes when we were rebulding Japan's steel mills after WWII, while mgmt. allowed our mills to decay and allowed labor's demands to run roughshod. All the while politicians were supporting labor just to get votes.
Today, thousands of auto workers are being paid to sit and read newspapers. Costs remain the same, lost productivity and crappy quality.
GM's money maker is GMAC. Well that only works if you're selling vehicles that the consumers want to buy and finance through GMAC. No sales, no GMAC financing. Duh.
Therefore the fiancial statements look like sh!t.
"Surprise ... Surprise"