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new gm financial news
as i said on other posts last night that neither the us government or the federal reserve will ever -- noooooooooo wayyyyyyy no howwwwwwwwww let the american auto industry go under--neverrrrrrrrrrrr!!!!!!
just a few minutes ago gm got 4 billion dollars in loans---on january 17th will get 5.3 billion more dollars to continue.
i had said last night this would happen you cant let in this time of a deep recession in the us that is gonna take time to out of-to colapse into a wholesale deep depression thats makes 1929 look like childs play- a million more people lose their jobs an it takes decades to recover from--plus the domino affect throughout the world as this world is tied together financially
that deadline of friday midnight no longer is in play as i said the federal reserve would lower the conditions if gm couldnt meet them and they did
the feds know over the next 2-4 years it will take a hundred billion to actually stabilize the car industry and such conditions as restructuring -- uaw negiciations on wage give ups--retire ment and laid off policys still have to be restructured
the point being all the neysayers ready to jump ship --saying things like gm will still go banctrupt etc etc-- were wrong even to the snide remarks i goit last night --like when i said this industry would neverrrrrrrrrrrr be allowed to go under by the us government or federal reserve==comments from pessimists --like i should never -say never --pffffttttttt
now of course this doesnt relieve the supplier question.. and the same pessimists are jumping out of 10 story windows --the sky is falling --armagedon etc etc---- i believe we could have a delay -- hopefully only a week or two-- but maybe a month or two----OR JUST MAYBE NO DELAY AT ALL AS YOU KNOW GM AND ANY JUDGE IN BANCRUPTCY COURT ARE GONNA DO EVERYTHING THEY CAN TO GET THE ECONOMY MOVING IN THE CAR INDUSTRY AS QUICKLY AS POSSIBLE--I MEAN COME ON OUE GOVERNMENT AND OUR FEDERAL RESERVE HAVE DONE AND WILL CONTINUE TO DO EVERYTHING TO STABILIZE THE AMERICAN CAR INDUSTRY---AND YOU THINK SOME JUDGE SITTING ON A SUPPLIER BANCRUPTCY CASE WILL SAY SCREW YOU TO THE GOVERNMENT AND LET GM GO UNDER BECAUSE OF NO PARTS?? OR DELAY PRODUCTION OF THE CAMARO FOR MONTHS?? THAT ALSO IS NEVER GONNA HAPPEN--THE MARO IS GONNA BE BUILT AND THEY WILL GET THE PARTS NEEDED NO MATTER WHATTTTTTTTT
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