GM trick

GM repays the loans with TARP money. Folks, this is epic. People are not getting the real news. They are being told the lie that we are in a recovery. Well, you see GM is now repaying tax payers with their own money. What can we say about this company? Basically, they are still operating at a loss, but want to give a magical appearance. Yeah, the appearance of making a profit where there is none.

GM gone

GM maker of an iconic Hummer went from 50% of US sales to less than 20%. A sad today as GM filed for bankruptcy protection under chapter 11. Although some cars in the future may carry that name plate, the industrial titan as in TITANIC is gone.

Automotive giant GM going under

Today the big news was that the unemployment rate rocketed to 8.1% and believe me it will continue going up. This should not come as a surprise. GM is now talking chapter 11 as it feels a chill.

Here are pictures of unsold cars around the world. Things are bad and getting worse. It is almost like 2009 is looking a lot like 1929 with all the foreclosures, banks closing, and the drop in the dow. Still, GM was able to survive the 30's. Sadly, this time it may not be so lucky. Both GM and Chrysler are in bad shape.