BHMTom

Automaker Bailout Fails: This Is Not Good

I too am glad government is keeping out. The best this GM could is buy Honda, Toyata, stock. Become a paper pusher rather than a car company. I can't recall the last time my extended family bought an American car last. And the unions refusal to take part of the blame. Obamma wants to raise minimum wage to $9.50 per thats a $2.00 increase. That is a multiple of X5 for the imbedded union contracts. Listen to me guys!!! Thats a $10.00 hour raise for uneducated monkeys slapping bolts to a car that engine came from Germany, Transmission from france, panels stamped in Mexico and radio made in Canada. Its a stock holder gamble and if they become toast, the real losers are the stock holders. I say Chapter 11 sell off assestes and reorganise. The world didn't stop when the unions killed Eastern Airlines. I say look for a buy of GM on no bail out news coupled with news of Chapter11. I'm pulling the buy trigger if GM hits the $2.00- $2.50 range. Load the boat for a nice jump. then remain long term short GM.