153 – Tuesday, June 02, 2009
When General Motors is not exempt from the financial distresses of the day, red flag
s no longer ‘go up’ but begin fraying from the abuse of the gale-force winds of our times! GM filed bankruptcy amid national news coverage – another governmental bail-out gone badly. Management that ran the company aground will remain in place at extreme salaries – the same management that did not listen to consumers begging them to build the kinds of cars that we were looking for – the same management that took the former Numero Uno automotive manufacturer into the toilet! Once upon a time, this company offered a stock known as a widow-and-orphan issue that should have been a stable hold-onto-forever investment, but now worth only about sixty-one cents – no longer a realistic analysis – today’s hope is that the stocks you own perform well for the rest of this year! When you and I make a folly out of how we spend the money under our control, who will be in the wings to bail us out? No one – we stand or fall on our own fiscal responsibility. I just want to know one thing – why is it that the government now owns 60% of the company instead of you and me? After all, the money the government used to mortgage our future was our own. Did you have anything to say about that? I thought not! Signed: still waiting for my seventy-one shares of GM!
s no longer ‘go up’ but begin fraying from the abuse of the gale-force winds of our times! GM filed bankruptcy amid national news coverage – another governmental bail-out gone badly. Management that ran the company aground will remain in place at extreme salaries – the same management that did not listen to consumers begging them to build the kinds of cars that we were looking for – the same management that took the former Numero Uno automotive manufacturer into the toilet! Once upon a time, this company offered a stock known as a widow-and-orphan issue that should have been a stable hold-onto-forever investment, but now worth only about sixty-one cents – no longer a realistic analysis – today’s hope is that the stocks you own perform well for the rest of this year! When you and I make a folly out of how we spend the money under our control, who will be in the wings to bail us out? No one – we stand or fall on our own fiscal responsibility. I just want to know one thing – why is it that the government now owns 60% of the company instead of you and me? After all, the money the government used to mortgage our future was our own. Did you have anything to say about that? I thought not! Signed: still waiting for my seventy-one shares of GM!
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Interesting concept - how true!
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