really? there's no other way to ship packages or envelopes around the country?

 

Whats the name of that other company that handles the mail?

 

USPS has a monopoly on first class mail.

Back to the thread....

So long General Motors, welcome Government Motors. Who didn't see this coming?

 

not being a dick but i think there is some truth to the government being in the auto industry. Look at ferrari, its the largest car manufacture in Italy, and in ratio of population, square miles, and number of employees, it would be similar to GM or Ford in the United States. Ferrari is owned actually as a branch of an oil company who is owned by the government of Abu Dhabi. now i know that ferrari is in a completely different market stand point, however the government has kept ferrari from tanking for several years now.

 

I'm confused. The Abu Dhabi government which owns an oil company has kept an italian car company from tanking?

How is that like this situation? We should have foreign powers controlling our companies?

 

GM private? Since When? I am pretty sure they are a publicly traded company and have been for a loooooooooooooong time.

 

Private in the sense that it isn't owned or run by the government.

Oohhh King Obama is about to announce HIS plans for Detroit! Can't wait to hear this.

 

I didn't vote for the O, but I'm happy he asked Rick to step down. He hasn't made a good move in the past couple of years. Bring in new blood if the American people are goign to keep GM alive. Rick should have stepped down on his own. That comment he made a couple of months back where he said he wasn't that GM needed "Strong leadership? this was the leadership that sank them. Bye bye.

 

It's not a "bailout" it's a loan.

A bailout is what the financial institutions were given

 

Start reading ahead kids. Tomorrow we need to know the information in the Communist Manifesto, there will be a quiz.

 

He asks GM guy to step down but not AIG? odd.

 

This sure didn't help GM's stock any
http://topics.nytimes.com/topics/new...ion/index.html

 

Then at this time we wouldn't have an auto industry to be talking about...

 

Now that is a good point!

 

Likewise! The government which has the worst record of running a business (In this case a country) in the red is telling GM whats best for them. I'm sure Barrack will have Al Gore to Head GM!

Ive never been a big Wagoner supporter, but there are hundreds of replacements that will be potentially worse. I can see it now; Wagoner's replacement with an Al Gore agenda! Scrap the Camaro; the Corvette and any LSx powered vehicle. Our LSx powered vehicles, cars and mainly the trucks, have been making more power and getting better gas mileage year after under Wagoner. The replacement for Wagoner is a wild card and could be far worse, and the market knows it.

 

Wagoner will be running Toyota within a year.

 

I see lots of people bitching about what the government is doing to try and save the company that everybody here rants about going under, but nobody providing a reasonable alternative. You can't complain about the government making suggestions/critiques/conditions for how a failing company should improve when they are being handed $20 billion. Would you rather them let the company die? You can't have your cake and eat it too.

 

"Look at ferrari, its the largest car manufacture in Italy, and in ratio of population, square miles, and number of employees, it would be similar to GM or Ford in the United States. Ferrari is owned actually as a branch of an oil company who is owned by the government of Abu Dhabi."

Actually, Fiat is the largest Italian car manufacturer, they own Ferrari, and Maserati, among others. Ferrari is not owned by an oil company from Abu Dhabi. A company named Mubadala which is an investment company owned by the Government of the Emirate of Abu Dhabi sponsors the Ferrari F1 car.

http://www.ameinfo.com/107570.html

Back to GM, I think that many would suggest that the root cause of the issues in Detroit are a direct result of the unions.

 

I'll be BITCHING when the goberment mandates GM stop producing the Corvette and Full size pick-up lines.

And I can see it happening

Build Green BS!!!!!!!!!!

 

No, he puts an AIG board of directors member on the Tax Task Force.

http://blogs.wsj.com/washwire/2009/0...-board-member/