wtf

[keithie]

In 2007:

Toyota (Worldwide)

• Sold 9.37 million cars
• made $17.7 billion
• for an average of +$1889 / car.

General Motors (Worldwide)

• Sold 9.37 million cars
• lost $38.7 billion
• for an average of -$4130 / car

So what, other than filing for bankruptcy protection to get out from under the contracts guaranteeing that they'll take care of union workers for the rest of their lives, will allow GM to make a turn around? And what makes the Congress of the United States Government think they know how to run a business? (Re: deficit spending and balanced books)

It seems cynical to suggest it now, but this recession may have been a big lucky break for GM. Right now they HAVE to do something to ameliorate the problem and everybody knows it. The thing is, that $38,000,000,000 is what they lost in 2007 before the recession. They also lost $2 billion in 2006 and $10.5 billion in 2005. And they're down over $21B for the first 3Q of 2008.
This is not a problem of high-gas prices or a recession. Why would the government try to bail them out? Oh right, "Too big to fail."