On Nov 17, 5:21*pm, "Eisboch" wrote:
Link provided in another newgroup.

Real or pure propaganda?

http://www.youtube.com/watch?v=72cHf.../paul.kedrosky.....

Eisboch

I wonder if a 90 +/- day layoff would help. I mean. people ARE
entitled to unemployment compensation. Cease production for a while
and get some of the stock cleared out.

"Tim" wrote in message
...
On Nov 17, 5:21 pm, "Eisboch" wrote:
Link provided in another newgroup.

Real or pure propaganda?

http://www.youtube.com/watch?v=72cHf.../paul.kedrosky....

Eisboch

I wonder if a 90 +/- day layoff would help. I mean. people ARE
entitled to unemployment compensation. Cease production for a while
and get some of the stock cleared out.
----
Debt and benefits continue but no income. Heck, they can even afford
severance for the masses any more.

GM is on it's knees to Chapter 11.

The question is will it be before or after Christmas? I was reading
somewhere Euro suppliers now want cash and "insurance" on non-payment has
been revoked.

GM might only have days. Lets hope Chapter 11...it will force real change
and less leaching and blood sucking talk. It will force union and
management to talk and walk the walk for the first time in over 30 years.

On Nov 17, 9:58 pm, "Canuck57" wrote:
"Tim" wrote in message

...
On Nov 17, 5:21 pm, "Eisboch" wrote:

Link provided in another newgroup.

Real or pure propaganda?

http://www.youtube.com/watch?v=72cHf.../paul.kedrosky....

Eisboch

I wonder if a 90 +/- day layoff would help. I mean. people ARE
entitled to unemployment compensation. Cease production for a while
and get some of the stock cleared out.
----
Debt and benefits continue but no income. Heck, they can even afford
severance for the masses any more.

GM is on it's knees to Chapter 11.

The question is will it be before or after Christmas? I was reading
somewhere Euro suppliers now want cash and "insurance" on non-payment has
been revoked.

GM might only have days. Lets hope Chapter 11...it will force real change
and less leaching and blood sucking talk. It will force union and
management to talk and walk the walk for the first time in over 30 years.

With all this talk about bankruptcy, would YOU buy a GM product
thinking their warranty may be worthless? Obviously, no. The reality
is that GM is already worthless so it doesnt matter if they sell or
not.

"Frogwatch" wrote in message
...
On Nov 17, 9:58 pm, "Canuck57" wrote:
"Tim" wrote in message

...
On Nov 17, 5:21 pm, "Eisboch" wrote:

Link provided in another newgroup.

Real or pure propaganda?

http://www.youtube.com/watch?v=72cHf.../paul.kedrosky....

Eisboch

I wonder if a 90 +/- day layoff would help. I mean. people ARE
entitled to unemployment compensation. Cease production for a while
and get some of the stock cleared out.
----
Debt and benefits continue but no income. Heck, they can even afford
severance for the masses any more.

GM is on it's knees to Chapter 11.

The question is will it be before or after Christmas? I was reading
somewhere Euro suppliers now want cash and "insurance" on non-payment has
been revoked.

GM might only have days. Lets hope Chapter 11...it will force real
change
and less leaching and blood sucking talk. It will force union and
management to talk and walk the walk for the first time in over 30 years.

With all this talk about bankruptcy, would YOU buy a GM product
thinking their warranty may be worthless? Obviously, no. The reality
is that GM is already worthless so it doesnt matter if they sell or
not.

But my daughters 2000 Ford Explorer was a POS. Even the dealer admitted
after too many miles it should have gone back on the lemon law. But they
could supply a warrantee like the after market warrantee where you can get
it fixed at somewhere else than the dealer. Just modified to a dealer is
warrantee station.

"Frogwatch" wrote in message
...
On Nov 17, 9:58 pm, "Canuck57" wrote:
"Tim" wrote in message

...
On Nov 17, 5:21 pm, "Eisboch" wrote:

Link provided in another newgroup.

Real or pure propaganda?

http://www.youtube.com/watch?v=72cHf.../paul.kedrosky....

Eisboch

I wonder if a 90 +/- day layoff would help. I mean. people ARE
entitled to unemployment compensation. Cease production for a while
and get some of the stock cleared out.
----
Debt and benefits continue but no income. Heck, they can even afford
severance for the masses any more.

GM is on it's knees to Chapter 11.

The question is will it be before or after Christmas? I was reading
somewhere Euro suppliers now want cash and "insurance" on non-payment has
been revoked.

GM might only have days. Lets hope Chapter 11...it will force real
change
and less leaching and blood sucking talk. It will force union and
management to talk and walk the walk for the first time in over 30 years.

With all this talk about bankruptcy, would YOU buy a GM product
thinking their warranty may be worthless? Obviously, no. The reality
is that GM is already worthless so it doesnt matter if they sell or
not.

I might, how cheap is it?

Factory condition Sierra with a Duramax Diesel, auto, legal, $20k loaded and
odo at under 200? Made 2 to 8 months ago, look me up. Any main line color
will work, as long as it has good leather and bun warmers.

Must be made more than 2 months ago, I don't want left over scavenged parts
in it.

4 cylinder, nope, not unless I can get more at the recycling depot.

"Frogwatch" wrote in message
...


With all this talk about bankruptcy, would YOU buy a GM product
thinking their warranty may be worthless? Obviously, no. The reality
is that GM is already worthless so it doesnt matter if they sell or
not.


If a deal were made for the government to provide restructuring money in a
Chapter 11 reorganization, it may alleviate fears on the consumer's part.
Right now is the opportune time however. Consumer purchases of new vehicles
is at an all time low. I'd would do it, suck it up, reorganize and get it
behind me if I were king of GM.

Meanwhile, the fact that GM is circulating that ad that I posted the link to
is very revealing. It certainly doesn't do anything to bolster consumer
confidence to buy a car from any of the big 3. They are basically
admitting that it is over unless they get a bailout. Never saw anything
like that before.
The "bailout" of Chrysler years ago was a completely different animal. It
wasn't a bailout, it was a loan and it was tied to very demanding
conditions. It was also repaid in short order. I remember Iacocca took a
salary of one dollar during the loan period. It didn't really affect the
bottom line, but it was symbolic and generated trust and confidence.

Speaking of Iacocca, his book "Where Have All the Leaders Gone?" is worth
reading, just to get a feel for how he thinks if nothing else.

Eisboch