GM: The Song Remains the Same…

Meanwhile back at the ranch, GM is in danger of bankruptcy still and looking for another bridge loan up at the WH, I would say they were lookin for love in all the wrong places, ask Canada, less strings….

We need a heavy manufacturing base in this country, but I doubt Pelosi, Waxman and Team Obama will give us what we need….

I am positive I heard Rick Wagoner humming Zeppelin..Oh will you excuse me  I’m just trying to find the bridge… Has anybody seen the bridge?

(The Crunge is not on youtube so how about Over the Hills….)

CNBC:

General Motors on Thursday said its auditors had raised “substantial doubt” about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash.

The “going concern” warning from the struggling U.S. automaker had been expected, but underscored the stakes for GM as it seeks up to $30 billion in U.S. government aid to restructure outside a court-supervised bankruptcy process.

The automaker faces an end of March deadline to complete concession talks with the United Auto Workers and bondholders to reduce its debt load as part of a bid to convince the autos task force assembled by President Obama that it can be made viable with a new round of government help.

Are you ready for your Homermobile designed by Waxman and Pelosi?

thehomer



March 5, 2009. Tags: , , , , , , , , , , , , . Big 3, Economy, Music, Obama Administration, Politics, Popular Culture, Uncategorized. 1 comment.

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