Adios, GM

[Dave]

Oh good, the taxpayers of the United States are now the proud owners of GM and a 31 year old with no business experience is the de-facto CEO via his government job. Let's see...there must be some example of the government running something that should be private and making it profitable. Medicare? No, bad example. TVA? No, bad example and one I am quite familiar with as a TVA retiree. Postal Service? Oops, those stamp prices just went up again! Amtrak? No, and Amtrak is perhaps the worst example of them all. Hmmm. I am stumped.

[penny3333]

Well, as proud owners of an automotive giant, shall we all celebrate? I'm with you, Dave, I've never known of anything the government has touched that has prospered. Social Security, um, no. IRS, well, they're doing a great job. What is our national debt now? Hmmm, I can't count that high.

What are we going to call our new Chrysler company? Dodge-it, Chryat, Fidochry, Damdidn'tdoit, Fiatcy, Fiachry, can't think of a good one.

[Dave]

It is profound to think that the mighty GM, once the largest corporation in the country, is being booted from the Dow next week (along with Citibank) and a 1st grader could buy a share of GM stock with his lunch money.

I can't believe I left social security off my list.

[poormom]

Has anyone noticed that while both sides are negotiating, the union dues never go down?
Thry're like ticks, they suck one host dry and re-attach to another.

[Jim C.]

Well I'm waiting for my company owner purchase plan. I ought to be able to pick up that new vette for a couple of hunderd bucks

[Cruise Fanatic]

I'm waiting until they get back on the Dow Jones and I start seeing my dividend checks.

[Dwayne]

Will I still be able to get "Genuine GM" parts for my 95 Grand Am? And what about Mr. Goodwrench?

Dwayne

[penny3333]

Any bets on who will buy the Hummer line? I'm betting on one of the OPEC nations, probably Dubai. There will surely be a HUGE trickle down effect. Will the tax payers end up owning the part companies as well? They're laying off over 35,000 people. How is that helping the economy? How about those that have retired, are they going to pull their pensions? This is a total travesty of mismanagement, and that's an understatement. Have all their shares of common stock become junk rating?

[Dave]

And now we learn that a Chinese company will take over Hummer. Bummer.

General Motors will also be renamed General Tso's Motors. (sorry)

[Jim C.]

A Chinese company buying a business that manufactures American military vehicles? How does that work??? Is that even legal? It sure doesn't sound like a wise thing to allow.