Doug Korthof

Too Big to Fail, or Too Metastatized?

The real question is, can GM be saved WITH CURRENT MANAGEMENT??

Just throwing more money at execs who have proven to be failures makes little sense. If an exec is worth the million $ salary, they won't make mistakes like betting on gas-guzzlers (and crushing the EV1) despite harbingers of the upcoming oil price spike.

It's no mystery that GM screwed up; the big issue is whether the screw-ups aren't still running the operation.

Long-Term Ugliness

GM's demise has nothing to do with oil drilling. Oil rose because Big Oil has no competition; they can charge what they want. There's no army of speculators, it's just the big un-American oil companies who set the price. We're driving less, but prices are rising still, indicating that it's not driven by supply constraints.