General Motors- Blundering GM lost $30 billion in 2008... and it needs more of your money

Wednesday, May 16, 2012




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5.	Super-high gasoline prices are falling... But you may not like the reason

Blundering GM lost $30 billion in 2008... and it needs more of your money

Thursday, February 26, 2009
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General Motors announced yesterday that it lost nearly $10 billion in the fourth quarter… and over $30 billion in full year 2008. The $30 billion number is funny… because that's about how much GM says it will need this year to stay alive.

CEO Rick Wagoner is set to meet with Washington's new gang of idiots this week to see how much more money they can steal from productive Americans. This situation is absurd. It's trying to fix a gaping gunshot wound with a bandaid… and it would disgust the free market, small government founders of our country.

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Topics:		General_Motors \| Stocks

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