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General Motors: Will Someone Please Pull the Plug?

General Motors (NYSE:GM) has 6,500 dealers in the US and Toyota Motors (NYSE:TM) has 2,000, but Toyota sells more cars than GM. And you want to save this company? Don’t mention the fact that their cars fall apart, miss the market by a mile, guzzle gas, and have destroyed over $300 billion in shareholder equity in the last ten years.  The fact that this company still exists is a tribute to their advertising prowess with an older generation of buyers that is rapidly dying off.  The Volt doesn’t have a snowball’s chance in hell of competing against the Toyota Prius, especially the plug in version that is coming out next year at little more than half the Volt’s projected price. Just as only Nixon could go to China, only Obama can dispatch GM. The launch yesterday of its Segway-GM hybrid, the Puma Pod, just highlights how pitiful their efforts have been. The sooner GM goes to corporate Heaven (or Hell), the better. www.madhedgefundtrader.com.