Tuesday, November 24, 2009

GM Reaches Stability: They Only Lost $1.2 Million, this time

By Douglas V. Gibbs

GM says improved quarter shows signs of stability - You still lose $1.2 billion for the third quarter and you call that stability? Interestingly enough, Ford showed a profit (and they are the ones that did not take the government bailout). Some would argue that I am saying people are buying their vehicles based on politics. Maybe. Ultimately, it shows that the growth of a business is a better bet when the engine that runs it is a privately owned entity, not some government hybrid like General Motors.

-- Political Pistachio Conservative News and Commentary

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