On Tue, 02 Jun 2009 20:47:43 -0400, Wayne.B
wrote:

On Tue, 02 Jun 2009 19:04:30 -0500, Vic Smith
wrote:

Mencken famously stated ""No one ever went broke underestimating the
taste of the American public."
GM has proven him wrong.


It worked for a while but they lost touch and started coasting. When
you look back at some of the barges they were selling in the 70s it's
a wonder they lasted as long as they did.

In the 70's the Big 3 were the only game in town for large cars.
My '70's Chevys were ok. Just ok. But I did my own work.
I didn't want a small car.
But millions of others would, and even more in the '80's-'90's
They failed to anticipate the marketplace,
And when they did, their response was inadequate.
Even now, they are infused with management living in the past.
Their only chance is Obama kicking their dumb asses around
until they can make a profit.
That's what they have to learn. Make a profit.
I'm a stockholder now.

--Vic