Sunday, May 24, 2009

GM a disaster

The word "DIS-ASTER" means bad star. It could be said that we were born under a bad star because GM bankruptcy will be a disaster.

I am not exaggerating. For one, GM auto sales already low will drop even more. Second, many part suppliers are hanging on by their fingernails, expect most of them to fall as well. This will trigger massive unemployment.

Just as the real estate market fell like a house of cards, so will the automotive market. The empty shell of many manufacturing firms litter the heart of our vast industrial areas - we are going...

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