This Bloomberg article uses the headline phrase a couple of times to detail the economic woes of General Motors. Here’s the deal: If they manufacture unattractive, over priced cars no one wants to buy then the company will fail regardless of another government bailout. The big question is: How is bailing out GM, using tax payer dollars, going to make people want to buy their unfordable autos in a time people are struggling and can’t assume a new car payment even if they qualify for an elusive loan? Simple, it won’t.
Enough with the bailouts. STOP THE MADNESS. No company is “too big to fail”.
On another note related to this article: Obama I like. Pelosi can burn. Don’t be surprised if they do not get along.