so goes America. If GM was a horse it would be shot to put it out of its misery.
From the link:
General Motors Corp. shares sank more than 3 percent Friday after the world's largest automaker increased its previously-reported loss for 2005 by $2 billion to reflect fresh estimates of the costs of bailing out its former parts-making unit and revamping its loss-riddled North American operations.
How in the world can any U.S. company compete when burdened with such buffoonery as this? The answer is simple. It can't and it won't.
The only question I have is why anyone would continue to own shares in a company who's future has no future. And sadly, GM's future is a foreshadowing of America's future.
Wake up America! The term globalization is synonymous with the destruction of America. Our government is not only allowing it to happen, they are making it happen.
