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View Diary: GM's posts record loss (250 comments)

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  •  Detroit: world headquarters of cluelessness (7+ / 0-)

    In all of human history, has there ever been a group of people as determinedly, pig-headedly, proudly oblivious to reality as American auto executives? Somebody, I forget who, wrote an expose of Detroit probably 20+ years ago, documenting that these jokers were much more interested in their country club memberships than in building better cars.

    I've been a "buy American" guy for a long time (hoping to support the workers), but I do believe they've lost me.

    More here

    What is valued is practiced. What is not valued is not practiced. -- Plato

    by RobLewis on Fri Aug 01, 2008 at 11:49:23 AM PDT

    •  Besides denying the future (1+ / 0-)
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      Lots of folks have known this coming for a while but no one has seemingly thought to react to it.

      "Polls are like crack, political activists know they're bad for them but they read them anyways."-Unknown

      by skywaker9 on Fri Aug 01, 2008 at 11:50:10 AM PDT

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    •  not so fast... (1+ / 0-)
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      i think that they know just what they have continuing to build suv's ect for so long as a loss they have succesfully bankrupted the pension plans allowing automakers to kick the workers in the nuts and skating along scot-free while the taxpayers buy it out again and again...see the pattern here ? No, this was planned

      Hey, how 'bout we impeach the people who are supposed to do the impeaching and get some other impeachers who are more impeachy?

      by ronny mermaid on Fri Aug 01, 2008 at 11:59:35 AM PDT

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      •  I dunno (0+ / 0-)

        I don't really see why GM would plan to see its market share drop from, what, 60% down to maybe 30%, losing many billions in the process.

        What is valued is practiced. What is not valued is not practiced. -- Plato

        by RobLewis on Fri Aug 01, 2008 at 03:08:27 PM PDT

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    •  DeLorean (0+ / 0-)

      I suspect you're thinking of John DeLorean's On A Clear Day You Can See General Motors.

      Procrastination: Hard work often pays off after time, but laziness always pays off now.

      by Linnaeus on Fri Aug 01, 2008 at 01:55:12 PM PDT

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