Friday, May 29, 2009

GM going bankrupt on Monday

Despite massive amounts of financial aid it proves impossible for our gov saving GM. The car-tastrophe known as General Motors having been losing money for a while now. This cannot come as a surprise to anyone except the most hardened debunkers who spent thier time laughing at me when I did warn them in 2005 of the coming financial collapse and economic crisis.

Live in the real world. This will hit the US economy like a freight train that is coming off the rails. The damage to our financial system is grave. Having one of the largest employers go bankrupt will take out many small part suppliers, automobile dealerships, and even related industries.

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