GM Declares Itself Essential to World As We Know It Scott Reeves Nov 17, 2008 2:40 pm |
![]() |
![]() |
|
||||||||||||
|
GM’s message is simple: A $25 billion loan now will save a $398 billion hit to the US economy over 3 years.
Maybe, but the 3-minute and 57-second video, featuring stark images and starker captions, certainly makes you question GM’s assumptions. The video includes what’s no doubt intended to be a haunting musical soundtrack and -- this is the real grabber -- no spoken words.
Mr. Goodwrench, where are you?
But the message is clear: Without the bailout, kittens and children won’t live up to their potential, retirees will continue to go bald (and maybe will starve) - the result will be nothing short of apocalyptic for the land of baseball, hot dogs, apple pie and Chevrolet.
“Think a collapse of the US auto industry will just affect Detroit and the Midwest? Think again,” a panel reads.
A mere 0.3% decline in GDP has gotten us into the current economic mess; the video invites viewers to contemplate the desolation let loose by a 4% decline in GDP caused by losing the domestic auto industry.
But that assumes that GM can’t reorganize in bankruptcy; instead, it’ll just turn off the lights and sells everything at pennies on the dollar.
That’s a fate more frightening than Japanese quality control, and would pose a major threat to national security: There’s even a video sequence showing production line churning out tank turrets, just the thing for taking on terrorists in Lower Manhattan.
A following panel warns, “Collapse is imminent if we do nothing.” The video ends by urging viewers “to call or write your member of Congress now.”
|
|||||||
|
|||||||
|
|||||||
|
|||||||
|
|||||||
discuss this article and more on the mv exchange |
|
No positions in stocks mentioned.
Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options. Click here for a free 14 day trial to OptionSmith by Steve Smith.
Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options. Click here for a free 14 day trial to OptionSmith by Steve Smith.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2009 Minyanville Media, Inc. All Rights Reserved.
Copyright 2009 Minyanville Media, Inc. All Rights Reserved.
| add rss feed | free article alerts |
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DC
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennesee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Local Guides
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DC
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennesee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Local Guides


















