GM Going Busto
It’s refreshing to see the Obama administration is just letting the GM fiasco end. The company is officially going into bankruptcy, as it becomes clear paying 3X market price for an employee-intensive operation is not a viable business model long-run.
The only caveat to this is that I think Obama’s true intentions is to turn GM into a government-run company. This way he can crank out a bunch of hybrids and other small cars that no one wants and will not want to pay exorbitant prices for…..unless they find ways to jackup the price of oil (cap and trade anyone).
Anyways, if anything, seems like a good time to buy a car since dealers are so desperate to have any sales right now. Here’s some tips on buying a car that I found on the Internet.