GM reports Losses
Posted in Democrats, Republicans, Uncategorized on August 1st, 2008This is a story that whether democrats or republicans like it or not poses some interesting questions,but I may have a few ideas as to why it does.
http://news.yahoo.com/s/ap/20080801/ap_on_bi_ge/earns_gm
How can this be according to congressional Dem’s and thier supporters as well as those republicans that are posturing for thier folks The Oil companies are raking in obscene profits. Upon deeper thought it doesn’t seem possible if GM lost this much how could Exxon make that much,don’t gas and automobiles go hand in hand? No they don’t. Personally the only problem I have is that noone is being fully honest in this debate. So lets take a look at what is being said then we’ll look at ugly truths niether side wants you to fully comprehend espeacially during an election year.
Lets start with GM,it doesn’t take a rocket scientist to see that given the current cost for a gallon of gas that Suberbanites would start abandoning thier status symbols(and that was really all the SUV’s and Large trucks were). But 15.5 billion? This should searve as examples of how short sighted the auto industry (or at least the American part of it) really is. They are playing catch-up with a demand to get with the program when it comes to Alternatives to compustable engines. In fairness I personally believe they were getting torpedoed on the lobbying end of things by big oil,but that doesn’t excuse them from at least striking research deals with overseas manufacturers when it comes to the whole electric car thing,but they didn’t (probably were scared of the UAW). This should serve as a wake up call for corporate America in that you are at the mercy of tempermental global markets when you allow decissions to be made based on short term financial gains instead of financial longevity and security.
As for Oil profits,Stop blaming the oil companies only in America do we punnish someone for being successful when everyone else is miserable. If they haven’t broken any laws to get it then we should be begging them to share thier secret. The secret is no secret at all by the way,it’s called diversification and every major corporation does it.I still am waiting for a breakdown in those numbers by the way,I’m curious to see just how much of those profits were derived from gas sold in the U.S. . I will start questioning big oil when the decline of all the summertime travel,and the decline in gas guzzling vehicles is figured in to the big picture. If they’re still making huge profits in the American market,then start looking at them real closely.
Now for the real secrets that corporate America prays that Democrats and republican don’t either find out or remember. As long as dem’s keeping trying to punish successful companies they’ll never remember.By that I’mean it wasn’t all that long ago everyone(espeacially Democrats) were calling for the heads of some of the companies on a pike for drawing obnoxious saleries while thier respective companies were conducting layoffs. Somewhere in that fight a little tid-bit of information was ignored by those championing these CEO’s.That was because it was discovered that some of those who were screaming “OFF WITH THIER HEADS” didn’t even know that thier very own 401k’s were invested with companies who’s parent companies were TA-DA led by those very ones they were condemning. They hope you don’t remember this and start comming through your 401k’s and discover the same thing in regards to Exxon,Mobil etc…
As for you Republicans they simply hope you don’t discover that corporate greed is alive and well and is only discussed at clubs so exclusive that not even your most estemed politician can get in. But what they really hope is that you good folks don’t wake up one day and realize they’re screwing you too.