Stock Picks-Is GM Chairman Losing It?

| Total Words: 1019

Dont you just love it? General Motors cant make a quality car to save its life, which is what its trying to do, and it wants Nissan to give it billions of dollars to show respect for a failed company. Over the last couple of years, you have heard of failed nation states, many of them in Africa. Countries that cant feed themselves, and have just about as much wealth as is necessary to put an embassy in NY, so their diplomats can dine at the United Nations, and park overnight with diplomatic plates.

Now we have failed corporate states like General Motors who cant get out of their own way, and probably have no justification for remaining in business other than the fact that theyve been around for something approaching a century. If you really think about it, other than the employees who would anyone miss General Motors if they went out of business tomorrow, maybe even today. The remaining players would immediately pick up their market share, and we wouldnt have to watch the slow market attrition that is taking that share down anyway.

There will come a time if they remain in business, that only aliens coming to visit our planet will buy General Motors vehicles. The...

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