All the car companies are losing, even Toyota. However, GM made alot of stupid mistakes. Without the government aide, GM would have gone through a bad bankruptcy, so you can blame Obama for GM not going belly up on its bankruptcy.
This criticism is similar to alot of people wanting the government out of bailouts but ride Harley Davidsons which got their bailout when they were owned by AMF. There is a time and place for the government to intercede on the free market. Many large corporations are failing in the free market now.
I remember for years how GM would market... trucks, trucks trucks. GM had the technology to produce much better cars but chose not to. Why, I dont know, probably some bean counter said no. It's entertaining to hear that GM can now produce an electric car that can get 230 miles to the gallon equivalency when the major American car manufactures were complaining the technology didnt exist to produce a car making 50 mpg a few years ago.
2008 Redline Sky
White Exterior/Black/Red Interior
GMR Tune, GM CAI Intake, Solo Performance Cat and Street Race Exhaust, Dejon IC Pipes, Sport suspension upgrade, Monsoon Stereo, Opel Short Antenna
Last edited by McLovin; 09-01-2009 at 01:01 PM.