Does Anyone feel like Bailing

[classicman]

Originally Posted by tw

Obviously GM has 4 to 10 years if responsible management exists.
Better to beg to a mental midget who does not require any solutions.

GM will burn through that government $billions in months and come begging again. How curious that Wagoner was only saying last summer that GM had plenty of reserves and would easily weather through this turmoil. So he did nothing.
Today he still has no restructuring plan because Wagoner says GM's only problem is the economic downturn - not bad GM products.
Wagoner still has no plans and says his products are winning against imports.
The only reason GM does not have another four years? Wagoner does nothing to save GM. As so again, all Americans will be screwed - especially GM employees.

Wow - after reading this you seem to be torn on whether or not they have time to implement your "innovation plan".

That was a very long post to address a simple yes/no question. I have to infer that you think they will not go bankrupt and therefore have the 4-10 years you are talking about to innovate.
On the other hand, you say tat as long as Wagoner is there they will not have that time unless we keep bailing them out.

We pretty much paid more for the damn company than they were worth. At this rate we should change the name to USA - Unites States Automotive or TFC - Taxpayer Funded Cars... The benefits for the union employees would then be altered to those of Gov't employees.

[tw]

Originally Posted by classicman

We pretty much paid more for the damn company than they were worth.

Rick Wagoner says GM's products are world class competitive. Anyone with minimal intelligence knows that is not true. Rick Wagoner says GMs only problem is the economy. So Rick Wagoner has no restructuring plans and it therefore given $10billion. GM is already making plans so that government can double down on a bad debt. Must be executed quickly because the White House will soon finally have someone with intelligence; not driven by blind loyality to a political agenda.