Monday, June 01, 2009

An Addendum Re: Today's GM Bankruptcy

Another word regarding today's gab-fest concerning the GM bankruptcy filing.

Don't listen to speakers from GM, the UAW or the federal government. They all obviously have a vested interest in promoting "happy talk."

Among the three groups, they have either brought this failure about (GM, UAW), influenced its unworkable structure (UAW, federal government), or took control so as to be responsible for the result (federal government).

Do you honestly think any of the representatives from these three groups will admit to anything but the rosiest of futures for GM today?

I just caught some of GM CEO Fritz Henderson's nauseating remarks. Talk about being on another planet!

This guy talks as if the company just stubbed its toe a little, and now everything will be alright.

But this is my point. He, like the US president and the UAW's Gettelfinger, and other involved officials, will have nothing but upbeat, positive, cheery comments about what a fine result they have all wrought.

Don't you believe it. Just tune them out and concentrate on the facts.

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