Wednesday, June 03, 2009

Why did it happen?

After a car crash people wonder - why? How can we avoid the crash. At the end of the road, GM was going under. I told you back in 2005 that this company was going to crash. I predicted that it was not the high cost of gas, which went over $3/gal in 2005 and was as low as $1.39 back in January of 2009.

The Chrysler bailout in 1979 was successful. However, in 2009 we are in complete different ball game. GM is DOA. US cannot save GM.

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