ST Alpha - "You know, I'm frustrated by GM." (Reading a Post)

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You know, I'm frustrated by GM.

Posted by Mop (236 lbs) (aka rburriel) May 28 '09, 16:50

They're going into bankruptcy. Finally. The federal government practically had to drag them there, kicking and screaming. They're cutting thousands of jobs, hundreds of dealerships, dropping brands, and generally downsizing to become successful again.

Why am I frustrated? Because time after time, GM management came to Congress and asked for a little more money. Then they came again. A little more money, please. Finally, Congress started asking "So, what's the plan?" Then Obama asked, "So, what's the plan?" Evidently, GM didn't have a plan. They're business strategy had gone from building and selling cars to taking government handouts. Who has a business plan like that? You're not a car manufacturer, anymore. You're some kind of black hole for tax dollars, that also happens to build cars and - maybe, just maybe - sells a car or two. Honestly! Did GM ever have a plan until the government imposed one on them?

Mop

Responses:

oh dear god - tRuMaN May 28, 17:02 13
- Sometimes I've been short on money, and I usually asked my dad for a loan rather than declaring bankruptcy. - TFox May 28, 17:03 12
  - I don't blame them for asking for a loan. - musubi May 28, 17:22
  - Yeah, but in the meantime you're actually working hard to improve your sitch, so you don't have to do either again, yes??? -- nm - Dr.Vermin May 28, 17:16 4
    - you really think negotiating with numerous different unions, debt holders, suppliers, and such can happen quickly? - tRuMaN May 28, 17:25 3
      - [shrug] I have no idea. - Dr.McVermin May 28, 17:28 1
        
        at this point no one`would believe them -- nm - tRuMaN May 28, 17:34
      - The bankruptcy is good. The UAW having an ownership stake is good. - TWuG May 28, 17:28
  - Yeh but if your a company that keeps asking for money - eag May 28, 17:14
  - [deleted] 4
    - The problem isn't it being 72% gov't owned. - musubi May 28, 17:19
    - Well, it was either that or them ending because they went out of business. -- nm - the liioulu with umbrella May 28, 17:07 2
      - [deleted] 1
        
        Given the massive unemployment and ripple effect into suppliers, your tax money would have just gone there instead. -- nm - TWuG May 28, 17:12
They thought the paln they had was working. - the liioulu with umbrella May 28, 16:53 3
- and that plan was what, exactly? Sitting in a room with four walls, staring at a cupcake, and occassionally asking the government for money? -- nm - Beryllium May 28, 16:54 2
  - "We'll see it through. We just need to stare harder." -- nm - Beryllium May 28, 16:55 1
    - Sounds about right. -- nm - the liioulu with umbrella May 28, 17:00

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You know, I'm frustrated by GM.

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