Thread: Bailing out GM
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Old 11-11-2008, 05:00 PM   #53
eastendlu
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John as much as i want to buy American my wallet tells me otherwise.The car manufacturers have been losing ground since the first oil embargo when they did not want to get away from the gas guzzlers and let the Japanese automakers establish a foothold here with better quality cars and better gas mileage.How many years later and they are still playing catchup.Same thing happened to the electronics industry.Now we have to bail them out because of years and years of bad decisions and greed.I look at it this way would i invest in this company (GM) if i was looking to upgrade my portfolio?I have a feeling were are buying into some bad investments.I have one ? if all goes as planned and all these bailouts pay off will i see a reduction in my taxes in the future?Or do i just assume the position and touch my knees?

Originally Posted by Flaptail
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