Today GM announced a 53% drop in market share...earlier this month they asked for an ADDITIONAL $17 billion....before the new year it was $11 billion....all the time they keep preaching how bankruptcy is not an option because its too expensive(already up to $28 billion) and they would lose too much market share( total market share has not increased once since October 2007, GM just lost 53%)....NOW is the time to say ENOUGH!!!...at this rate they will have burned through $100 billion by years' end and still have made no improvements as even they don't predict a turn around until 2012...stop the bailout madness, this company has much deeper problems that can cause the precipitous drop from 50% of the market to 20% in 20 years and after years of mismanagement it is UNBELIEVABLE that our tax dollars can be used to prop them up and protect them from the necessary rearrangement a bankruptcy could provide...if GM really should survive let the free market determine how it would be structured as even yet today they are reluctant to make the tough decisions and commit to dissolving divisions....the monies proposed to save GM would be better placed in the hands of the consumers and utilized to unfreeze the credit markets, stimulating the economy and allowing the car dealers, those that employ small town america, to recover by doing what they do best, moving the metal!!!
Tuesday, March 3, 2009
Stop The Madness GM!!!
Posted by Unknown at 5:10 PM
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