Politics

Out of context: Reply #5057

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  GM is DOOMED!
  http://blogs.wsj.com/deals/2008/…
  If you’re a U.S. taxpayer you ought to read GM’s “Restructuring Plan for Long-Term Viability.” By the end of next year, you’ll own a good chunk of this company, so you might as well familiarize yourself with what’s going on there.

  On first read, you’ll think that’s too rash a judgment. The document is well-reasoned and thoughtfully crafted. There are lots of numbers “proving” GM’s commitment to restructuring.

  But at its core, it’s propaganda aimed directly at warming the hearts of Congress.

  It is not a viable business plan.

  Ask yourself how long it will take housing to hit a bottom and you’ll understand why the GM restructuring plan ain’t gonna cut it.

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  • In other words, we're F*CKED!
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