ggillin

Wall Street Breakfast: Must-Know News

The govt. pushes Chrysler and all of it's legacy costs down GM's throat just to keep the 'HYDROCARBON FUEL TAX STRUCTURE' alive and going to the last drop in a losing game.

GM needs Chrysler and all of it's legacy costs like a driver needs four flat tire's, they already have enough tax loss carry forwards to protect any hoped for perceived profits (ha ha) for the next two hundred years!

Profits? Did I say profits, I must be getting delusional, nobody makes any profits if they make products nobody wants except the govt, which only wants that 'fuel tax dollar' hence the payoff of tax payer billions.

Cerberus gets a free bailout on the tax payers dollar for making a greedy, stupid, wrong investment decision. A 'get out of jail' free card, if you know the right pol's. This is nothing short of a huge crime!

The tax payers get stuck with this first 25 billion with many more billions to follow under the phony guise of retooling for the coming electric car.

Once again other car manufacturer's will eat Detroit's lunch by giving the world the car's the public needs and demands.

Read these these words well, this game is coming to a fast end.

All of the American auto manufacturers are going bankrupt, got that BANKRUPT!!!!!!! and if you have anything in the form of their securities you the 'little guy' are going to lose everything. The govt is just sucking you in before they take everything and that includes YOU the auto worker, you can kiss it all good-by, securities, pension's - GONE!

The American people and the pol's don't have the gut's to do the right thing, so the wrong thing is done until the house of cards collapses.

However 99% of the time, unwittingly the right thing is done by someone in the market place by the process of manufacturer/seller/bu...

The only question remaining is, when is the U.S.A. going to do the right thing! Is it going to be only after all is lost? Why? to what end, for what purpose?

LORD, help us please, because we are way to dumb to help our self's otherwise, how could anybody lose a combined market share of 99.98%.