hello america!!! i posted my thought about gm wednesday---see here---http://edagener.blogspot.com/2012/08/obama-please-just-tell-truth.html
as you should already know, i was against the bailouts &, to hear obama tout the auto bailouts as a success story is a joke. gm is not doing good & i am not the only one that thinks this...their stock continues to slide in the wrong direction which does not help us recoup our investment. & the following link from forbes doesn't think they're doing that well either...http://www.forbes.com/sites/louiswoodhill/2012/08/15/general-motors-is-headed-for-bankruptcy-again/
there's a little known fact that obama doesn't even mention when talking about gm & chrysler & that is: they had both reapplied for loans from the department of energy & both walked away from the table...see here...
http://www.autoblog.com/2012/02/17/chrysler-abandons-plan-seeking-more-federal-loans/
& here...
http://www.cbsnews.com/8301-505123_162-42942244/gm-says-no-thanks-to-department-of-energy-loans-after-all/
another thing obama doesn't talk about is all those risky sub-prime loans gm made to bolster its sales. they have not learned their lessons & are doomed to repeating their failures.
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