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Weren't these business losses created by an inventory that greatly exceeded demand ?

combined with the anticipated release of a advanced product from a different manufacturer? The prevalent mindset was to create more and unload them on the market to maintain profit margins, but the advertising for the advanced product release further dampened any opportunities for that success. The competition wiped you out before they ever hit the floor with a product. This goes back to issues of espionage, as the amount of information that is sold, greatly supersedes any potential rate of production or sales. Previously, when this has happened in history it usually result is a big war. Why war? because during the course of big wars, there develops an underlying movement for reconstruction. What I really appreciate about current leadership in the world is that there are so many of these world leaders that oppose that paradigm. But back to your problem for a moment...You can't bailout a sinking ship by putting more people and cargo on board. There is actually a lot more to this but I'd like to talk to people in private without this "one world" and "new world order" lurking about because that is the crux of the problem. I'll try to write more later...I hope the US auto industry is reading this and by the way I am happy to hear that your union is being more conciliatory and you really must abstain from extending credit/discounts/perks through a "friends and family" type network to all these bozos that took your initial good concept of providing for your employees, and bled you into unconsciousness with it. http://news.yahoo.com/s/ap/20081204/ap_on_go_co/congress_autos How much can all these auto execs and union officials contribute to this $34B to keep you in business, how many incentives can employees forego to keep jobs and how stringent are you going to be about extending credit to unqualified individuals and groups(for groups still must have stringent criterion for individual applicant approvals) Finally, who the hell has been minding this concession stand?

Public Comments

1. Assuming that your entire question is about the possible bailout of the U.S. automakers, in my "not-so-humble" opinion, the problem lay in decades of production of pathetic products at incredibly high prices. They had us cornered until the imports came in. I have bought one domestic pickup truck, and 8 very good imported automobiles (nothing fancy, just good) over my years as an adult in charge of paying for my own cars, and I don't see a turn towards any domestic automobile purchases on my part in the next few decades, which will most likely cover my remaining expected life span. God Bless you.
2. I don't believe I read that whole thing.
3. The Big 3 are milking the cash cow. They don't have to run their companies WELL. There has never been accountability. Nobody is going to be jailed or fined or even fired. Watch and see. My dad's neighbor told him he makes more after retiring at GM than he made working full-time at $24 an hour plus benefits. There's a clause in their UAW contracts whereby if the GM worker has nothing to do, he gets paid at 75% of his wages and sits home doing nothing.