General Motors is dead

It looks like the end for General Motors has arrived. Today at 11:30 ET, President Obama is scheduled to address the nation about GM’s file for bankruptcy and what we can expect to happen moving forward. Even though this seem inevitable to most people, I think the delaying of the bankruptcy still helped the economy. It allowed other companies the time to scale back, rearrange, and cut other costs as they were preparing for GM closures. I definitely don’t think the impact will be AS GREAT now as it would have been if this happened in December or January. What’s next? I guess it’s time to destroy and rebuild. I wonder what will happen to my shares…hmmm. I’m still pretty confident that GM will become a powerhouse in the automotive industry once they develop a car that runs on air. The only problem is that the factories that create this car will pollute the Earth so much that air will be a nonrenewable resource, oh the irony.

Chrysler is dunzo!

Chrysler is duzzo!!! They filed for bankruptcy yesterday which means your Dodge Magnum is WORTHLESS BITCH! Thankfully, they reached a deal with Fiat which means that somethin new may arise from the ashes. Fiat makes some decent cars (mid size) and that will help balance out the stupid trucks and “mid” size SUVs that Chrysler has. What I’m hoping for is some European influenced interiors because the cheap plastic shit went out back in ’00. If I spent more time on this site, I’d photochop a Fiat and a Chrysler car to give you an idea of what to expect…but since I have some sort of life, I’ll give you two pictures and you use your imagination.

Wow, these cars are gonna be ugly...in a good way?

General Motor's time is running out

We continue our reports on the GM/Chrysler Lifeline with today’s news about Obama still pledging to help the failing automakers but announcing that filing for bankruptcy may be an option for them. I think a statement like that is a double edged sword. On one hand, it puts a little fire underneath the bottoms of the unions and the corporations to come towards an agreement and get some restructuring done. On the other side of the sword, it keeps consumers worried and off the lots. Let’s be realistic, why would I want to buy a car from a company that may not be here in the next month or two? I would like to see GM come out of this (because they are bringin down my portfolio) but I really don’t see how they can and I’m usually full of great ideas. But workin for a company for 32 years definitely has its perks. Ricky Wagoner’s retirement package is valued at $20.2 milli!!! Damn the boy done did good. The boy done did good.