http://gmfactsandfiction.com/

Discuss.

11/26/2008 11:06:37 PM

My calculations tell me that $150 billion is ~$500 per person in the US -- approximately the same price as an auto repair bill for a shitty GM car.

11/26/2008 11:49:52 PM

11/28/2008 8:30:27 AM

Quote :

"Fritz Henderson, president and chief operating officer of GM, said that choosing the bankruptcy route would further erode consumer confidence in the automaker and "we want them to be confident in their ability to buy our cars and trucks.""

http://news.yahoo.com/s/ap/20081203/ap_on_bi_ge/meltdown_autos

12/3/2008 10:43:00 AM

^That comment is so fucking stupid it makes my head hurt.

12/3/2008 8:07:30 PM

yea, I'm not sure how being propped up by the gov't would produce any better perception than Chapter 11 Bankruptcy.

12/5/2008 10:34:19 AM

a better perception would have been easier to engender if they hadn't produced sub-standard cars for ~30 years, but i think its about 20 years too late to attack the perception from that angle.

12/5/2008 12:06:10 PM

I'm confident in my ability to buy an American car or truck. I'm also confident that I would never want to.

12/5/2008 12:08:29 PM

Solution - Chapter 11 Bankruptcy New Name: "Government Assisted Reorganization and Relief (GARR)"

And GARR sounds sort of piratey, so the dealerships can use that for their commercials.

12/5/2008 12:13:48 PM

There's a huge difference between filing for bankruptcy and getting a cheap government loan.

If bailouts didn't restore confidence, then the silent runs on Citi and Wachovia would have probably brought those two down by now.

12/5/2008 1:43:48 PM