Quote:
Originally Posted by DGthe3
Plenty of people wanted them to not only fail, but have them liquidated as well. And it had little to nothing to do with politics. The logic was more or less that if GM went down, better companies (ie, Ford and Toyota) would take their place and the market would be a better place without them.
|
I disagree, GM would have restructured, which wouldn't have been good for the union, who happened to make out quite well, while burning us original loyal stock holders. I personally don't want to see anyone fail, including my competition. I blame GM (mis)management for the debacle THEY created.
GM stock has been in my family for over 50 years, we got screwed hard, my father was a lifetime employee and is most likely spinning in his grave. Left alone, they would have emerged a leaner stronger company without the major screwing we took..... Let's not forget, other US automakers where doing OK as the big 3 where tanking, this was an opportunity to repay political partners..... nothing more, nothing less, it was sickening...
OK, off my soapbox and back to luvin our favorite cars.....
