Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

GM Declares Itself Essential to World As We Know It

By

New ad campaign threatens US collapse would follow GM collapse.

PrintPRINT
If General Motors (GM) marketed cars with the same smarmy skill it shows in begging Uncle Sam for a handout, it would kick the Japanese automakers back across the Pacific, and its stock price would be in triple digits.

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."
< Previous
No positions in stocks mentioned.
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 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE