Comments on: The First Draft: End of an era for GM http://blogs.reuters.com/talesfromthetrail/2009/06/01/the-first-draft-end-of-an-era-for-gm/ Tracking U.S. politics Wed, 16 Nov 2016 03:39:51 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: brian lee http://blogs.reuters.com/talesfromthetrail/2009/06/01/the-first-draft-end-of-an-era-for-gm/comment-page-1/#comment-391779 Thu, 04 Jun 2009 06:29:18 +0000 http://blogs.reuters.com/frontrow/?p=17744#comment-391779 the harsh treatment handed out to the auto dealers and other parties involved in the auto bankruptcies ,has been done in a way that would typify the actions that liberals want you think would only happen in a clinical capitalist no prisoner taken environment.the only caution that has been shown in the whole process is how the obama government has”walked on ice”as it was careful to make sure that the unions were not penalized,if you look back at the postings over the last six months this was forecast many times.

]]>
By: Zeke http://blogs.reuters.com/talesfromthetrail/2009/06/01/the-first-draft-end-of-an-era-for-gm/comment-page-1/#comment-391741 Tue, 02 Jun 2009 19:38:39 +0000 http://blogs.reuters.com/frontrow/?p=17744#comment-391741 Seems as though the general dislike for the bankruptcy covered in part of this story continues on this comment board. I also agree with the feeling of irresponsibility which led them this far into trouble.

http://www.newsy.com/videos/gm_refuels_w ith_bankruptcy

]]>
By: Andy http://blogs.reuters.com/talesfromthetrail/2009/06/01/the-first-draft-end-of-an-era-for-gm/comment-page-1/#comment-391733 Tue, 02 Jun 2009 15:25:46 +0000 http://blogs.reuters.com/frontrow/?p=17744#comment-391733 “Show loyalty to properly run companies.”

Properly run companies would never get into the situation that GM has ended up in. I work in the automotive industry, and GM’s fate is no suprise. They are a classic case of a company that bought itself to the top through acquisitions and in the meantime forgot how to make good cars. They have been fighting against consumer demands for the last 10 years.

The government is not running GM, they are just making sure that its inevitable demise doesn’t bring the rest of the automotive industry crumbling down with it. The government has little option other than to take some level of control.

A well managed bankruptcy (with a severe slimming) may be exactly what GM needs. Hopefully in 10 years time it will be back to making decent cars again.

]]>
By: sluke http://blogs.reuters.com/talesfromthetrail/2009/06/01/the-first-draft-end-of-an-era-for-gm/comment-page-1/#comment-391728 Tue, 02 Jun 2009 13:01:45 +0000 http://blogs.reuters.com/frontrow/?p=17744#comment-391728 My last three new vehicles have been GM. But to show my dislike for the government running companies and my dislike of the greedy unions I will not purchase a Chrysler or GM product. I ask others to do the same. Show loyalty to properly run companies.

]]>
By: The Real Deal http://blogs.reuters.com/talesfromthetrail/2009/06/01/the-first-draft-end-of-an-era-for-gm/comment-page-1/#comment-391700 Mon, 01 Jun 2009 18:28:13 +0000 http://blogs.reuters.com/frontrow/?p=17744#comment-391700 The United States is overwhelmingly dominated by a free-wheeling capitalism ideology. The tiniest hint of socialism would cause a convulsion. It is like talk of converting to Islam in a deep South Christian state.

In a span of a single year mid-2008 to today, that deep belief in an all-powerful all-righteous market capitalism was shattered beyond recognition. The fundamentalists in Wall Street and many high places of capital worship have indeed convulsed. 99% are still in denial.

For signs of capitalism failure are pervasive, latest being GM. It is socialism that’s coming to save the day. What an extreme irony. Time to re-write the text books.

Even more ironic, it is that majority sector of American people, the non-elite and non-worshiper, the working people, who elected a black president who is intellectually strong enough to solve problems with both capitalism and socialism.

And thus created a national exist strategy for getting out of a black hole nightmare created by capitalism gone amuck.

]]>