Predictions about GM

Why is GM so important? Well, it is a major player in american manufacturing. I told skeptics back in 2005 that it would go under. Their reply was to laugh at me, now analysts say GM bankruptcy is inevitable.

Who cares? Most of us should, since this increases unemployment exponentially, already at a 25 year high. I predicted that it would go over 10% in 2009. Please remember that 18 months ago our jobless rate was only 5%. People, this is bad, we are heading toward a great depression, but the pivotal event that causes the collapse is the fall of GM.