"Powerful GM"

It bites the hand that feeds them.

They've also turned 'profit' into a bad word.

So true, John, so true...

Well, there were powerful if sum up the power of all the two-bit politicians that they purchase through lobbying.

Did you ever research the spinning of of GM to Delphi. Hell no you didn't. I lost my job just like Moraine Truck and Bus did only 2 years earlier. We were a spinoff of GM screwups and did the best we could for 7+ years. We didn't get any recongnitoin like GM is. What the HELL?????? You need to research better.

Last nights 20/20 report on GM was disappointing. It sounded like a load of propaganda to get "us" the American people "behind" the great American Car Company GM. Actually it was sort of a disgrace.
My guess is that you must have your head in your hands listening to this stuff they are broadcasting.

I was expecting Stossel to come on the screen in the last 4 minutes and announce in simple terms why "everything you heard for the last 56 minutes was nonsense, and here's why.... GM has no "power" whatsoever... etc etc"

"Last nights 20/20 report on GM was disappointing."

I disagree-- I thought it was pretty balanced and asked some of the tough questions. They weren't shy about pointing out the failures of the past, the challenges of the future or the fact we all own GM now.

For literally decades GM was one of the biggest advertisers in the country, so for a network to do anything critical of GM takes some guts. (Google what they did to the LA Times after an unfavorable review) True, GM is a shell of its former self, but they'll still have plenty of dollars for ad buys in the future.

"the fact we all own GM now" -mdv

i have to correct you there, the politicians own gm now, you and i don't.
we don't have any stock in the company, we wont see and money from any profits they might make. we have no say so over what they do, we wont even be allowed to attend the stock holder's meetings.

congress and the president own it, not the American people.

"the fact we all own GM now" -mdv

i have to correct you there, the politicians own gm now, you and i don't.
we don't have any stock in the company, we wont see and money from any profits they might make. we have no say so over what they do, we wont even be allowed to attend the stock holder's meetings.

congress and the president own it, not the American people.

The last GM car I owned was a piece of cr*p. Parts fell off while driving, carpets wore out in six months, dozens of trips to the dealer to get warranty repair. It will be a very cold day in hades when I purchase another GM vehicle.

I saw a bumper sticker saying 'Don't show MY flag on your foreign car'. I would have agreed years ago, but now, only the foreign makers are producing quality product. The fat, bloated unions (for whom the GM takeover by the government was orchestrated as a payoff for votes for Obama) have killed off GM.

The only thing consistent about Government Motors' vehicles are their poor quality. I would love to root for the home team here, but I am now better off buying a Kia made in my home state of Georgia than buying a government and union-run GM product.

As soon as GM started receiving tax dollars, it was not the American public who owned a share in GM, but GM who owned a share in the American public.

That's what politicians do: sell shares in you without your consent.

There was a time when "what was good for GM was good for America", and GM was undeniably very powerful back then.

I would hazard a guess that GM, with the backing of the US government, is more powerful now than it has ever been. If it was 'too big to fail' before it is almost certainly more so now that some politician's votes may be on the line.

Now that the U.S. government owns a vast majority of GM it does in fact have a lot of power. You may rest assured that GM and Chrysler will reap all sorts of benefits from the fact that the government owns them both. Think trade barriers, government pressure on parts manufacturers to sell those parts much cheaper (with higher prices for Ford, etc., driving up their costs), etc. The government doesn't typically like competition, so you will see some real power out of GM and Chrysler very soon.

I hope the government doesn't repeat the foolishness that the private sector has done by offshoring parts and services. The underlying causes to this great meltdown for much further than some bad loans. Try the dumbing down of salaries for the past 20 years in the middle class, moving manufacturing offshore, proliferation of H1bs, L1 visas, and taking away the purchasing power of what was the largest buyer in the world - the US middle class.

http://www.madnamerica.com

Will GM's bankruptcy affect a site like this for truck and auto parts ?