Repper

Treasury Continues to Harpoon the Real Economy

This IS an ignorant rant. You may know i LITTLE about finance, but you obviously know nothing about the auto industry.
I'm SO sick of people blasting the products produced by the US automakers. The OBJECTIVE TRUTH is that they are building world class quality cars and trucks with world class fuel efficiency. Compare styling and they blow Toyota away. GM’s products are the benchmark in many segments. Look at the data! And [really] look at the cars!
The problem is the perception that keeps getting perpetuated that they don't build good cars and trucks. Many won't even look at them because of this ridiculous, pervasive misconception.
Yes, they had problems in the 70’s, 80's and early 90's. They got very complacent, and their products suffered. The companies have changed drastically since then, they HAVE BEEN doing the right things, but since so many consumers have written them off for past sins, they are having trouble getting some people to even look at domestic vehicles. Now with this perfect storm of the economy, and their legacy costs they are obviously hurting.
Letting them fail would truly send the economy into deep depression. Apparently most don't realize how much this manufacturing base effects every part of our economy. Yes, it hurts to say we're gonna "bail them out", but all they need is affordable loans to continue on the RIGHT path of building great vehicles and getting ahead of the competition with alternative fuel technologies. The American public would do the most for their economy if they would just CONSIDER buying American. It would help 'themselves' as well because the government can make a good deal of money from these loans (see the Chrysler "bailout" of the early 80s).
Before blindly bashing, please give a real look at the products that are being produced today and educate yourself with the facts. Try visiting gmfactsandfiction.com/.../ . Yes, it is compiled by GM, but all the facts included are from third-party sources to which links are provided. Dispel your misinformed misconceptions about GM and the other domestic auto makers.