So...................

Alan Roehrich · 03-18-2009, 06:51 PM

Lynn, if GM was making money before gas hit $4 a gallon, why were they continually posting quarterly losses in the millions, and even billions, of dollars, for the last several years?

It's real easy to try to lay the blame for this massive mess we're in on a short term period of $4 a gallon gas and a "credit crunch". But it ignores all of the real factors. Gas prices and financial institutions collapsing were not the cause, gas prices were an excuse, and the collapses were a symptom of the base problem.

I can lay out the failures at GM, it'll take a while, but they are obvious. The question is, will you listen, or are you convinced it is "credit" driven? By the way, easy credit is what got us here, the lack of it, if it is really lacking, is not why we are here.

03-18-2009, 06:51 PM	#25
Alan Roehrich Veteran Member Join Date: May 2006 Location: Murfreesboro TN Posts: 5,118 Likes: 1,573 Liked 1,837 Times in 417 Posts	Re: So................... Lynn, if GM was making money before gas hit $4 a gallon, why were they continually posting quarterly losses in the millions, and even billions, of dollars, for the last several years? It's real easy to try to lay the blame for this massive mess we're in on a short term period of $4 a gallon gas and a "credit crunch". But it ignores all of the real factors. Gas prices and financial institutions collapsing were not the cause, gas prices were an excuse, and the collapses were a symptom of the base problem. I can lay out the failures at GM, it'll take a while, but they are obvious. The question is, will you listen, or are you convinced it is "credit" driven? By the way, easy credit is what got us here, the lack of it, if it is really lacking, is not why we are here. __________________ Alan Roehrich 212A G/S