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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (459068)	2/24/2009 2:46:43 PM
From: TimF	Read Replies (1) \| Respond to of 1573645

Chronically means every year No it doesn't. If a company loses money more years than not, and if you add up the last decade or two and get a net loss, its chronically unprofitable. GM has gotten into financial trouble the last two-three years. Its relative lack of competitiveness and profitability goes back longer than that. It used to be dominant, it gradually lost more and more market share, and cut its margins to try to retain what it could. If its going to survive (at least survive as anything other than a state supported entity) it needs to fundamentally restructure itself, including shedding itself of many of the costs and restrictions imposed on it by the unions. Right now, the US can't afford to lose anything of value Which is why we can't afford to continue to bail out GM. and GM has considerable value No it doesn't. Its market cap is about a billion and a quarter while its debt is over $45bil. Its a value destroyer taking in hundreds of billions of investment without profitable return (and that's before the bailout money it received).

To: tejek who wrote (459068)	2/24/2009 3:15:46 PM
From: combjelly	Read Replies (1) \| Respond to of 1573645

"I don't know who John Tamny is but its real easy to "pull the plug" when your job is not on the line. " Editor of RealClearMarkets. Before that, he wrote for NRO. To give his bona fides, in 2005 he blasted Volcker for saying that the US economy was skating on thin ice. From some of his other articles, his ability to spot trends and capture the essence of the economy has been equally prescient. In other words, if you ever find yourself agreeing with his sentiments, you better re-examine. Chances are you are missing something important...