GM gets adbusted

Is there any real separation between GM and oil? How can it be that car companies make worse cars in terms of fuel consumption with every passing year? I believe the average American car company now makes a product that gets similar mileage to the engine of the 1920’s. How can this be anything short of collusion with oil? GM sucks. Ford, Chrysler suck. I will drive my old, crappy Toyota until there’s an electric car I can afford. No one should buy a new car until it is electric. We have to boycott irresponsible and destructive companies. Imagine what the bailout for GM could do for an brilliant infant co. like Tesla and other electric car start ups. Or how about a Government electric car? What’s really galling is that millions of dollars are still paid to GM lobbyists. So the government is paying to petition itself. — Anonymous

That was good! — Anonymous

GM is using the bailout money to build their expansion in China, and plan on doubling the number of “Made in China” GM cars in the next 5 years and export those to US. If people were worried about quality of American Cars, how would they feel about buying cars made in China at GM prices? I was just looking up GM’s stock, instead of old symbol “GM”, it’s now “GMGMQ.pk”, which means it’s in bankruptcy. It has 177 billion in liabilities and 91 billion in assets, giving it shareholder equity of negative 86 billion versus 38 billion from 3 months ago, and stock is down down nearly 95% off its yearly high. The only thing holding it together is government bailout, why is US government invest tax payer’s money on rotten companies when renewable energy like solar and wind power companies are growing at 30% a year, why can’t we put our money into that? Why invest in failures? free advertising — Alex Wu

The timing of the fist is perfect! — Anonymous