benP

GM's CEO Choice Is Painfully Obvious - And Painful for Consumers

Begining to sound more like picking a "YES" man than a real leader to get GM back to the business of making cars that consumers want with a reasonable profit margin for the company and investors. But I guess when your major stock holders are the government and unions, profits are not part of any plan.

The Largest Bankruptcies in History

Every one of these failures that went into bankruptcy have the same common roots. Miss management and greed by the management staff. While the so called government regulators sat by and did nothing. If past history tells us anything, everyone had the signs of failure and a lot of talk years before reaching the point of collapse.

In the end the insiders made furtunes and let investors and tax payers with massive debit.

Now we are asked to change the rules for auto bailout to level the field. Who are they kidding, GM and Chrysler claim that they are the victim of economic down turn when neither have produced products that they can sell at a profit. This did not just happen. It's been going on for years. Now we have a czar appointed, notice I said appointed, that will get them on track.

I say if they fail, let them go, after all a short term pain will be far better than dragging this out for years as the others on your list.

On Bailouts, Lobbying and a Strong Chief Executive

Since when did the government or congress do anything to help any industry? In every past intervention, government help has lead to heavy handed restrictions and regulation, that did little to help.

Fastest way kill a market or industry is let the government attempt to manage control. Congress can't seem to even get their own budget in order, how can we even think they will be able handle any industry.

On GM's Bankruptcy and the Need for Focus

Why on Earth anyone asking the real questions? GM knew years ago that it was not making money. They continued to operate in the red and produce at a loss while sales dropped. They did everything to prevent put off bankruptcy, knowing full well, that was the only way to stop debit from climing to the level we see now. Rather than, using the protection of the courts, they waited till, government stepped in and changed the rules.

Who in their right mind could even think, they will do any different in the future? They have sold out investors and stock holders that stood by them. Dealers that sold and supported their products are left hanging. Tax payers have been ripped off by government intervention.

No on should even consider investing or buying anything they have to offer. Why should we even think they will stand behind a product they produce, when they don't even protect the interest of investors. After all, being in bed with the government gives they a way to get out of backing up products.

I personally would avoid doing business of buying anything from people or companies that will not honor their own contracts and customers. After all, they have the government that will allow them to wessel out of prior commitments.