[Tsar]

Originally Posted by BigAls87Z28

Turn around program didnt really take effect till 2003 the earliest with product. There havent been major reorganization or renegotiations with teh UAW till 2005 and even more in 2007.
GM was planned on making a major turn around into 08 with major product introductions.
Its not like its been all down hill and its just been bad desision after bad. The current managment hasnt been in place for very long, 3-4 years tops.
They HAVE been doing it for the past 2 years, and untill this little hickup, there wasnt any major probelm. Sure GM was on the ropes for a little while, but they were moving towards profitability.

I thought you were gonna look up that profit chart we were talking about earlier. Moving towards profitability would imply that they sustain lesser and lesser loss every year, and they should achieve profit sometime in the near future, right? At least that's how I see it. Didn't GM post the biggest loss in its history last year? or am I mistaken them for someone else, I don't remember.

Also if I'm reading the fortune graph correctly GM has only come close once since 2000 in posting profits, every other year it has been a loss of more than 5 billion dollars. And the trend does not seem like it was reversing itself like your post indicated, rather it is getting worse. Just reading a chart here.

This recent economic crisis is the current problem. Its nothing else.
If it was GM's stupid marketing moves, or that they didnt make cars that everyone wanted, or some other reason, then THEY woudl be the only ones having problems.

I do not think I said that GM makes outright ****** cars (they did in the past, but that's irrelevant to me), hell I like some of them and would possibly buy them.

EVERYONE is having problems selling cars. All the major automakers were down 30% or more. Its just that GM has spent so much money on trying to turn around itself, that it got caught with thier pants down on top of the fact that GM doesnt make the profit that the imports do based on several things
Is GM perfect? No way, they have plenty to do, but they can do it and they are showing that they are ready to do this.

Tell me about the highlighted part, if you want that is.

You go from trying to act smart one line, and trying to be a smart ass the other.

You got me, I inserted a little funny

Now you are getting personal, so I guess you are really starting to get into this. Im not asking for the money, and Im not jealious of anyone, and I sure as hell aint odd looking. But you like to include me as if Im the one standing in front of the Senate. Maybe its becaues you would like to pin it onto something you know, something tangeable, who knows, but you keep including me into this. Its starting to get creepy.

It was just an observation, and I dunno about not odd looking.

Yes, if you are gunna give AIG and several banks blank checks, be ready to hand it out to everyone. Should have had more control over the banks, but thye didnt. Oh well, so now we get to take it out on the automakers I guess.

Plainly put, banks are more important than automakers. If all the banks failed tomorrow we would be in a lot more trouble than if big 3 failed tomorrow.
If JPMorgan didn't buy WaMu from feds, it has been said that FDIC would be UNABLE to cover all the money, and people would lose whatever they had in the bank. Hell there were several, pretty good, articles that talked about how FDIC was gonna be next on the bailout list. Just think how much more we would lose if all the banks would go down, after people found out that their money is not covered by FDIC if anything was to happen to their bank. People would make a run for their money just like they have done in the past, and it would have been a big poo-fest!

I can type more about the banks, but I do not think many people care, so I'll just stop.



Late EDIT** Don't worry, I'm almost positive they will get their bailout/loan. At the end of the day it doesn't matter to congress what I think.