The Sentinel

Detroit is Hemorrhaging

I'll just cut and paste a reply to a really "smart fellow" named "Gumby"....(Yep....Gum... who said the only problem that the automakers have is not enough shareholders and that you should call your broker now to buy these really cheap stocks.

Here it is.....

Yeah...right, Gumby.....why don't you just stick to acting in dumb stop-motion cartoons.

Shareholders smell dog crap in the US automakers, but it's very old, dried out, bleached white dog crap. Look at a 50 year time-line of profitability and market share, and you tell me if these these companies deserve life support from the government. This will be the SECOND TIME that Chrysler has had it chestnuts pulled from the fire by the Feds (Remember the 70's and Lee Iacocca?)....if the Feds decide to do anything....(Probably so, since there are Bush/Obama cronies in Cerebus that owns that piece of crap company).

Go ahead...root for a bailout. Throw even more money into rat hole. And then watch as these companies come right back to Uncle Sam begging for more dough....when it's so worthless from inflation and interest rates are so high that nobody can afford a car....even a piece of crap from GM or Ford or Chrysler.

Aaahhh....America..... where Capitalism rules......until Capitalists screw it up so badly they beg for Socialism to save it.