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| Current Events Help understand the world by talking about things happening in it |
| View Poll Results: Do you support saving the US auto companies with tax payer money? | |||
| I support saving any one or all of them. |
   
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1 | 3.13% |
| I support assisting them for a limited time with a limited amount. |
  
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11 | 34.38% |
| I don't support saving them. |
  
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19 | 59.38% |
| I have another plan to save them from certain death (explain below) |
  
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1 | 3.13% |
| Voters: 32. You may not vote on this poll | |||
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04-24-2009, 12:28 AM
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#1 | |
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The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Quote:
 They not only underfunded the pension plans a lot of what they did fund was invested in GM stock.
__________________
The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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04-24-2009, 02:33 PM
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#2 | |
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Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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Quote:
Will never forget sitting in a GM lobby alongside a president of one of their part suppliers. He said sarcastically, "They will show me how I can cut my costs." GM's solution to 30 years of bad designs. Blame suppliers, unions, Japanese ... They also played money games. Waiting 120 days to pay us. And still some believed their lies about 19 models exceeding 30 MPG. After all, they said it on TV. Anyone who bough a GM car simply endorsed lying and creative accounting. |
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