carpetreef75
Premium member
Pretty dead in here ,may as well get the pot stirring Ha
GM gashes us again!
So GM is laying off about 14,000 workers and closing 5 plants in an effort to control losses. After around 60 billion in bailouts 10 years ago that cost taxpayers 11 billion, it seems like deja vu all over again! I get the propaganda about being accountable to share holders, but how about accountability to the rest of the country. It is astounding that GM is in financial difficulty so soon after all the mea culpa's expressed a decade ago. Unfortunately, lots of working class folks will be taking a beating in the mid west and Canada due to these pending actions. Coincidentally, no plant closings in Mexico or China were announced. So ask yourself before you throw 80k into a new rig - do these Yahoos deserve your financial commitment? I for one voted with my wallet in 2008 when I bought a new F-250, and have bought 3 more Ford trucks since. I admired Fomoco for liquidating assets instead of taking a public bailout. I love my Chevy Suburban, but really despise the prevailing attitude at GM. Regardless of what the GM spin was back in 2008, they continue to demonstrate the inability to deny short term profit, for long term stability. The president is understandably disappointed, as this will certainly affect the gains he made in those states where GM is a major employer. Gm should reconsider the long term ramifications of this action. You can only cry wolf 20 or 30 times before people get suspicious. Just my 2 cents.
carry on ...
GM gashes us again!
So GM is laying off about 14,000 workers and closing 5 plants in an effort to control losses. After around 60 billion in bailouts 10 years ago that cost taxpayers 11 billion, it seems like deja vu all over again! I get the propaganda about being accountable to share holders, but how about accountability to the rest of the country. It is astounding that GM is in financial difficulty so soon after all the mea culpa's expressed a decade ago. Unfortunately, lots of working class folks will be taking a beating in the mid west and Canada due to these pending actions. Coincidentally, no plant closings in Mexico or China were announced. So ask yourself before you throw 80k into a new rig - do these Yahoos deserve your financial commitment? I for one voted with my wallet in 2008 when I bought a new F-250, and have bought 3 more Ford trucks since. I admired Fomoco for liquidating assets instead of taking a public bailout. I love my Chevy Suburban, but really despise the prevailing attitude at GM. Regardless of what the GM spin was back in 2008, they continue to demonstrate the inability to deny short term profit, for long term stability. The president is understandably disappointed, as this will certainly affect the gains he made in those states where GM is a major employer. Gm should reconsider the long term ramifications of this action. You can only cry wolf 20 or 30 times before people get suspicious. Just my 2 cents.
carry on ...
