Comments on: Report: White House to Send GM into Bankruptcy Next Week

By: Bob G

Bob G — Tue, 26 May 2009 21:11:17 +0000

#168 Jmac Says, “…I’m tired of our Billions of tax dollars being wasted to save a company that arrogantly would not transform their thinking, use creativity & innovation & retool to build vehicles that people actually want to buy! Last time I checked we live in a Capitalistic society, where survival & thriving of the fittest is what makes our economy go round. Not socialism at its finest! Let’s face it more americans buy Toyota, Honda, & Hyundai then they do GM’s.”

I think you have socialism and capitalism confused. GM *has* been making the cars that the market has demanded. Maybe SUVs don’t fit your tastes, but they have been very popular.

Meanwhile, Toyota and Honda have used their protected domestic market and direct government subsidies to give them a huge advantage, especially in the small car market.

By: Jmac

Jmac — Tue, 26 May 2009 01:36:44 +0000

Let them go Bankrupt! I’m tired of our Billions of tax dollars being wasted to save a company that arrogantly would not transform their thinking, use creativity & innovation & retool to build vehicles that people actually want to buy! Last time I checked we live in a Capitalistic society, where survival & thriving of the fittest is what makes our economy go round. Not socialism at its finest! Let’s face it more americans buy Toyota, Honda, & Hyundai then they do GM’s. Just walk around a parking lot at the mall & count how many jap & foreign cars there are, and then how many GM, Chrysler, and Ford’s there are. It’s Obvious! Let Ford be the last american car company standing, Oh & by the way keep an eye on them. They have been stated as being as competitive & comparative with Honda & Toyota.

By: BobbyG

BobbyG — Sun, 24 May 2009 03:39:37 +0000

If the bondholders are willing to put up an additional $45 billion then GM would be willing to give them an additional 50% ownership as well. The last money in, when the company is worst off gets the largest share of the pie.

By: KenEE

KenEE — Sun, 24 May 2009 03:31:33 +0000

Laws? Obama don’t need no stinking laws!

By: Preseli

Preseli — Sun, 24 May 2009 02:52:05 +0000

Rather than “reinventing” the ownership experience, I suspect that stock and bond holders alike are *repenting* of the ownership experience. I will not purchase a car (or anything else) from an agency that is 50% owned by the State.

BTW, what does “lift Chrysler out of bankruptcy” mean?

As for #108 Victor, did the government give $170 billion to its friends in AIG? How about Fannie Mae? Freddie Mac? And how many cars has the government made and sold successfully anyway?

Schills to the State!

By: Larry McFall

Larry McFall — Sat, 23 May 2009 19:45:46 +0000

The sooner the better. I know that the environment seems bleak for GM but it appears that “Bankruptcy” may have spruced the bad situation for Chrysler. Now that Chrysler is in Chapter 11, I understand that the Government is going to reach down deep and pull them up “Out of Bankruptcy”. If the US Auto Manufacters and yes, the US Labor Unions would have thought in the Long Term, the US Government may not have to be today, the Super Savior as they are.

Unfornutely, someone as to do it and of course, the Bush administration wasn’t making any effort and here came along Obama. Let’s just hope he can make something work and with a little of that OLD American iniative and energy, just maybe GM can shine again.

If it works ??? The GM employees need to strive to get everything they want in this world providing, they don’t want so much. The Union is a good aid and has the ability to keep the corporate greed in check however, don’t use the union to feed yours.

Being part of the GM family since before World War II, I pray that they recover some of their dignity.

By: The Government might send GM into Bankruptcy - FinalGear.com Forums

The Government might send GM into Bankruptcy - FinalGear.com Forums — Sat, 23 May 2009 19:24:38 +0000

[...] Government might send GM into Bankruptcy http://gm-volt.com/2009/05/22/report…tcy-next-week/ [...]

By: noel park

noel park — Sat, 23 May 2009 16:18:22 +0000

#153 carcus1:

Thanks.

By: CDAVIS

CDAVIS — Sat, 23 May 2009 13:26:43 +0000

______________________________________________________
#131 StevePA
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Excellent Post!
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By: JEC

JEC — Sat, 23 May 2009 12:56:14 +0000

carcus1

Thomas Jefferson was one of our greatest presidents. His insight and understanding were ahead of his time.

One of my favorite T. Jefferson quotes:
“The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants.”