marketwatcher2

Too Big to Fail, or Too Metastatized?

GM is one huge operation that is very labor intense. The failure of such a large operation would wreck havoc with the economy through failed debt on mortages, credit card debit and auto loan debt not to mention the unemployment status which is already at a major peak. As far as making a statement that GM failed to manage; It's more like our Private Financial sector failed to manage. Just maybe a little regulation will help.

GM has a brilliant CEO who not only has to manage US operations but now also a Global Operation. What is a fair salary for that kind of responsibility when you as a CEO have no control over an energy policy, currency exchanges, bank financial failure and Foreign Politics operating in the US for trade agreements in their favor?

GM can't fail it's a major part of our economy. Put some regulation in place to control the Banks and get affordable Capital back to business.

Long-Term Ugliness

If you look at the market as a whole it is in terrible disaray. Nothing seems to be working properly. Time for a change in economic and trade policy.

Oil has hurt every aspect of our economy and will continue to untill someone in government makes a decision on what our next energy source will be. It is going to take a commitment to an alternative source of energy to fix the energy problem which will in turn fix our Economy and Markets.

Long-Term Ugliness

Rough times have come and gone for all the above companies and America. We can blame managment or we can blame politicians. Both need to get in-line with what is happening in the World. If American Companies are to survive America needs to slow the amount of one way trade to this country. It's all about balance and there is no balance in our trade or economic situation right now.

We as citizens need to take more responsibility for what we purchase today because Big Business and Government aren't.