I only read a few lines, but I saw mention of uncle Joe, farting and dogs — that’s enough. Those words provoked an analogy-esque vision of National Lampoon’s Family Vacation. GM is a nice, powerful, wood-grained station wagon, able to go anywhere. But there’s one problem. Remember when they forgot the dog was tied to the car and drove about 50 miles before being pulled over. i see GM similarly: they’re the same capable car but with way more dogs tied on — the UAW. They could go faster and further but the law, insufficient cash flow and demand, is pulling them over. They’re overextended. They’ll never hit top speed and there’s no way to untie the dogs when you’re already driving down the highway. I guess they’ll have to stop and cut their losses. Almost the same as bankruptcy.
Tags: bankrupt, bankruptcy, chryslers, General Motors, GM, price, stock, UAW
