Tuesday, March 3, 2009
GM sales in February fall 53%; this company really is not worth saving with your taxpayer money
The nation's new auto sales plummeted 44 percent in February, with General Motors leading all manufacturers with a drop of 53 percent.
GM is the AIG of automaking. Taxpayers just poured another $30 billion into the insurer with no end in sight. They should oppose making GM about welfare dependent. It is apparent from the February sales' numbers that GM is another AIG waiting to happen.
GM will need your tax dollars by the end of March or it will not be able to spend its bills. The company should in the least go through bankruptcy reorganization and let its creditors decide whether it should survive.