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US: GMAC may get more federal help
GMAC Financial Services my get a third cash infusion from the US federal government.
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22 days ago
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RE: US: GMAC may get more federal help
HOW MANY BILLIONS ARE WE SUPOSED TO THROW AT GENERAL MOTORS, NOW THEY WANT MORE BILLIONS TO SUPPORT THEIR BANKING DIVISION? Why in the hell should the American people keep throwing good money after bad, because of poor planning and poor management? We've had to tighten our belts and make very hard decisions while just doing a better job than the next dealership to make it thought this tough time. How is it fair or right on any level that I (we) have to bail out GM's Management because they opted to get into the finance business. I think it's just too bad they made dumb decisions “oh well” that’s business in America, YOU SCREW UP AND YOU FAIL!!! Not in the new America; not under the Obama planned management system where you have a bottomless pit of money to prop up poorly managed corporations. I submit to you a true American success story in Ford Motor Company, Now here's a winner not because it's owned and financed by the tax payers but because they have been managed with foresight and hard decisions, after 30 years in Ford Dealership management I thought Ford upper Management had lost their minds 2 1/2 years ago when they cut 30 % of all middle management, little did I realize that some of the brightest minds in the world at Ford were at work making the hard decisions that are paying off now with Fords success and secure future. They have the top selling vehicle line up and the top in MPG all because they are well managed and working for a profit not a hand out from King Obama and company. Ford American owned but NOT owned by Americans (tax payers). The auto biz has never been easy and always has ups and downs, pumping money into GM under the management of the Obama Group will ruin the market for all players but the way I see it that’s the master plan from Washington these days. “NO PROFIT NECESSARY” HARD WORKING DEDICATED PROFESSIONALS NEED NOT APPLY> Let’s hope I’m wrong, I don’t think so.
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22 days ago
by FIXEDOPSMIKE
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