General Motors Bailout - Federal Made Cars?? - VIDEO

General Motors Bailout - Federal Made Cars?? - VIDEO
It bothers me to no end that General Motors was given a deadline to make a plan to make their company profitable.

The deadline was today, and they didn't do it. I'm not really surprised, but I am pretty angry.

Instead of making a plan that would make General Motors profitable today, they've made a plan that might make them profitable in the future..
Oh yeah.. and start to make repayments by 2012!!

This video is in response to the video below by Rick Wagoner

Making profit is simple... Costs are less than sales revenue.

General Motors and Chrysler need to lay off enough people and cut enough costs until they're profitable today. Not in 2-3 years... and especially NOT using tax payers money.

Would you want to purchase cars made by the federal government.. I didn't think so.. but that in essence is what's happening when the federal government keeps bailing out losing companies.

That should be General Motors next marketing slogan..

The all new 2009 Cadillac CTS... made by the U.S. and Canadian Federal Governments. How prestigious is that?!!

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2 Comments
On Feb 23, 2009, Joe @ Simple Debt-Free Finance Said:
I'm inclined to agree. What really infuriates me is that every tax payer handout to the big 3 auto manufacturers is just rewarding the same failed business model and the same irresponsible unions. The unions have had such a stranglehold on these companies that they have bankrupted them. They've killed the golden goose again and again, but the taxpayers keep resuscitating it for 3 months to 3 years at a time. enough is enough already - let the poor goose die!
On Feb 19, 2009, Dave Collins Said:
So what now??