04-21-2010, 11:04 PM
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#64
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I used to be Dragoneye...
Drives: 2018 ZL1 1LE
Join Date: Jan 2007
Location: Buffalo, NY
Posts: 31,873
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Quote:
Originally Posted by alrox
To be very honest and to put ourselves down as a country, GM should have went out of business 15 years ago. Without the credit bubble that let millions of families buy overpriced homes on credit they did not deserve also let them also buy overpriced SUV's and other worthless vehicles which put us further in the hole.
When the federal reserve realized they could print money and give it away with no consequences GM started making a lot of money. We are far, far more in debt than the mass media lets on. It should be a well known fact that we were hours away from tanks in the streets in September 2008 but the general public doesn't seem to care as long as the status quo is maintained.
It will fail.
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What a happy outlook...
__________________
"Keep the faith." - Fbodfather

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