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Gm still is Government Motors
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<blockquote data-quote="brett636" data-source="post: 720854" data-attributes="member: 249"><p>What is frustrating is this is spelled out for you in black in white written in plain english yet you continue to ignore what is going on. Did you even read the paragraph that you quoted from CNN money? Who is going to buy a stock with over 3 years of reported losses preceding a company that has had all its debt wiped out with help from the federal government? GM is a loser for the taxpayers just like its a loser for its customers, and it will ultimately be a loser for anyone foolish enough to invest in it. Seven out of ten of the worst rated new cars by Consumer Reports are produced by government owned car companies, i.e. GM and Chrysler(<a href="http://www.consumerreports.org/cro/cars/new-cars/buying-advice/best-worst-cars-review/overview/best-and-worst-ov.htm" target="_blank">click here</a>). Since these companies have lost all their fear of failure they really have no incentive to improve because they can always rely on the federal government, i.e. the taxpayes, to come to their rescue.</p></blockquote><p></p>
[QUOTE="brett636, post: 720854, member: 249"] What is frustrating is this is spelled out for you in black in white written in plain english yet you continue to ignore what is going on. Did you even read the paragraph that you quoted from CNN money? Who is going to buy a stock with over 3 years of reported losses preceding a company that has had all its debt wiped out with help from the federal government? GM is a loser for the taxpayers just like its a loser for its customers, and it will ultimately be a loser for anyone foolish enough to invest in it. Seven out of ten of the worst rated new cars by Consumer Reports are produced by government owned car companies, i.e. GM and Chrysler([url=http://www.consumerreports.org/cro/cars/new-cars/buying-advice/best-worst-cars-review/overview/best-and-worst-ov.htm]click here[/url]). Since these companies have lost all their fear of failure they really have no incentive to improve because they can always rely on the federal government, i.e. the taxpayes, to come to their rescue. [/QUOTE]
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