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Old 10-20-2008, 03:33 PM   #23 (permalink)
tjts1
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Quote:
Originally Posted by Big Dave View Post
GM has been beating those odds for a hundred years and you tell me the problem is their management? How do you beat long odds for a hundred years with failed management?
GM hasn't turned a profit in years. They've been living on borrowed money (read low interest bonds) ever since. Now even the bond market has been catching on to their shell game as the credit rating has been cut repeatedly. Their only hope for survival now is the $25b loan from the US gov. If every small business had the same type of influence in Congress as GM does, believe me, you wouldn't have an 80% failure rate.
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