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GM is reporting third quarter losses of around $2.5 billion. That's freaking huge! They're warning that they'll run out of cash in 2009... unless the government bails them out.
Ummm... no. I don't think so.
Gas prices went through the roof and companies like GM and Ford insisted that Americans want big cars cause that's the American way. They didn't sell. That's probably because Americans got a healthy dose of "what do you mean we can't get cheap gas?" and had to start buying more fuel efficient cars. So the SUVs and pickups and gas-guzzling V8s didn't sell and GM got stuck with a bunch, which is why you saw sales like "everyone is supposedly an employee but what we aren't telling you is our employees can't afford to buy our cars even with the discounts we allegedly give them" sales. They needed to at least get something for them. And they still didn't sell. So they started destroying them.
But now their stubborn practices and short-sightedness has them seeing billions in losses and they want us, the taxpayers, to essentially buy out their unsold inventory. No. You brought it on yourself GM. You need to suffer the consequences of your poor business choices. No more fucking corporate welfare. I'm tired of corporations planning to go belly up assuming that taxpayers will bail them out. Fail GM. And maybe if you fail other corporations will get the point that us taxpayers aren't their personal cash cows or safety nets.
If the government bails GM out, I expect a shiny new vehicle in my parking lot courtesy of GM. I'll take the damn gas guzzler overstock if I'm going to have to pay for it anyway. If I don't get that shiny new gas guzzler, I had better not be bailing GM out with my taxes!
Ummm... no. I don't think so.
Gas prices went through the roof and companies like GM and Ford insisted that Americans want big cars cause that's the American way. They didn't sell. That's probably because Americans got a healthy dose of "what do you mean we can't get cheap gas?" and had to start buying more fuel efficient cars. So the SUVs and pickups and gas-guzzling V8s didn't sell and GM got stuck with a bunch, which is why you saw sales like "everyone is supposedly an employee but what we aren't telling you is our employees can't afford to buy our cars even with the discounts we allegedly give them" sales. They needed to at least get something for them. And they still didn't sell. So they started destroying them.
But now their stubborn practices and short-sightedness has them seeing billions in losses and they want us, the taxpayers, to essentially buy out their unsold inventory. No. You brought it on yourself GM. You need to suffer the consequences of your poor business choices. No more fucking corporate welfare. I'm tired of corporations planning to go belly up assuming that taxpayers will bail them out. Fail GM. And maybe if you fail other corporations will get the point that us taxpayers aren't their personal cash cows or safety nets.
If the government bails GM out, I expect a shiny new vehicle in my parking lot courtesy of GM. I'll take the damn gas guzzler overstock if I'm going to have to pay for it anyway. If I don't get that shiny new gas guzzler, I had better not be bailing GM out with my taxes!
