Replies

As the stock markets can tell you, there's no profit in business anymore. Sure, they can keep the doors open, but margins are slim, and labor is going to start getting far cheaper as the unemployed make their presence felt.

With no profits there are no taxes, and without serious government subsidies, GM is going to go down again!

I am not bullish on GM in some regards I agree with you however...

GM has Obozo's printing presses. They do not need taxes, they will fiat them afloat.

The problems are greater.

Porkulus is keeping Michigan afloat and unless their is more of it, the spending to balance the budget runs out in 2011 and that is not the only negative. Obama is keeping Chrysler afloat which I hate to say is dead man walking and GM may not be far behind. If all this comes crashing down together, Michigan will be an absolute basket-case and it could take the whole country with it. He is keeping it afloat as a state because he needs to carry it in 012' to win.

This is all not good no matter how you slice it...

BTW...

Yazaki is a Japanese privately held company that makes wiring harnesses and has a large presence in Canton MI. I know employees, but I doubt they will talk about this...