General Motors
GM loses $6 Billion
5.07.09- General Motors lost $6 billion in the first quarter of 2009 as its sales of poorly built automobiles and ridiculously large SUVs collapsed 40 percent, and its revenue – to no ones’ surprise – fell by almost 50 percent. Wow! This just goes to show you how overinflated car sales were during the bubble [...]
The NY Times Stinks at News Analysis
Should General Motors file receive a financial bailout from the U.S. government, or should it be left to deteriorating market conditions that will lead to a bankruptcy filing? This is the question put forth by a NY Times “News Analysis” piece entitled “G.M.’s Troubles Stir Question of Bankruptcy vs. a Bailout .” Unfortunately, this article [...]
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