This is especially true when it comes to the current economy. There are different views on the economy and where the states is going. What I find interesting is that GM is looked at as a company that is out of touch with reality, unable to adapt, spending more than it earned, with too many legacy weights (ie. pension plans). What specifically is interesting? Well, it seems that GM has only been in deficit for a max of 4 years (in 2004 they posted a fairly healthy 3.6 billion in net surplus). Some of their operations are profitable (not in North America though), and they were hurt by their large (49%) stake in GMAC, which is a loan institution having some residential mortages (no wonder they're in trouble..). And the government (USA USA USA) saying they should be doing better has not decreased their debt since 1969!!! yes, that's right, the government has been spending more than it's been taking in for going on 40 years now...take a look at pgs 131 and 132 if you don't believe me. Un-fricking-believable. Reminds me of an awesome comic.
you should buy some stocks
or else buy the poor some socks
spending will save us...
oh, and also, the CAW proposal really is ridiculous - we'll do our part by not getting quarterly pay raises, and deferring the point where we ask for more money to 2012, instead of 2011. Seriously? That's it? Not a 'oh, yeah, I guess we ARE overpaid compared to others doing identical work on more reliable vehicles...'
But I show my bias....
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