**Premiering Tonight** : Saving GM - Inside the Crisis

[ViperDom]

Saving GM - Inside the Crisis

Premieres Monday, December 8th 10p | 1a ET

cnbc.com/id/27999262

https://secure.nbcuniversalstore.com/img/product/resized/00065363-185081_400.jpg

With all the speculation&ignorance that i hear nowadays about the autocrisis, i encourage everyone to tune in to this show and also read/reaserch articles writen by those who have a greater understanding of the situation.

Enjoy :thumbup:

[c0nfl1kt]

What is there to greater understand? They fuxed up. They wanna use your tax money to pay for their fux up.

[Soon2bG60]

What is there to greater understand? They fuxed up. They wanna use your tax money to pay for their fux up.


Couldnt said better myself.

[jjm4life]

anyone watch it? i was working. but yea the last two posts pretty much sum it up. we cant let them go bad as they have their failing paws everywhere.. imagine all the subcontractors that would close, loan companies, dealership networks ect.. there is a lot more at stake than just losing gm's cars and the jobs of the people who build them.

[crazyrage]

Crap missed it.....glad i don't work for GM anymore....

[TROLL]

Is this a series or will it be re-airing? I'd like to watch... because its not as simple as anyone in this thread is making it out to be... sounds like they should watch too.

[Eclipse GSX 61]

I don't really want them to fail... Actually I do because I don't really like many of their cars at all, but that is besides the point. They deserve to fail for being idiotic with controlling their finances.

[c0nfl1kt]

Is this a series or will it be re-airing? I'd like to watch... because its not as simple as anyone in this thread is making it out to be... sounds like they should watch too.

I'm sorry, but please let us know what I've missed. I have been following these latest developments closer than anyone thanks to the wonders of NPR, CNN news automatic updates and belonging to various other forums in which members work for or own GM/Ford Dealerships and I don't see a complicated concept here.

A company misjudged the enviroment they were in. They made bad decisions. They spent over spent in executive salaries among drifting SUV sales, rising oil prices due to war with an oil producing nations, scared three other big OPEC members, and were ignorant to the immediate homegrown housing bubble crisis.

It's the worse case of failed capitalism I have seen in my short life.

[SovXietday]

The problem is, you can't "save" them. They are going to fail, they have a very little chance of turning around.

The bank bailout is not working, why are we still trying to use this tactic?

[redline]

anyone watch it? i was working. but yea the last two posts pretty much sum it up. we cant let them go bad as they have their failing paws everywhere.. imagine all the subcontractors that would close, loan companies, dealership networks ect.. there is a lot more at stake than just losing gm's cars and the jobs of the people who build them.

Smart man, sometimes people only see whats put in front of them and they neglect the big picture. Pointing the finger at the big 3 or GM for that matter is stupid! You should turn that finger around and point at yourself as an American. We are the most to blame for this economic crisis. If you think I'm wrong, you need to research more!

[DaBombDiggidy]

i agree with the last comment. theres a reason economists look to house payments, credit card payments, and car payments to see how the economy is doing in some cases

[TNTramair]

I'm sorry, but please let us know what I've missed. I have been following these latest developments closer than anyone thanks to the wonders of NPR, CNN news automatic updates and belonging to various other forums in which members work for or own GM/Ford Dealerships and I don't see a complicated concept here.

A company misjudged the enviroment they were in. They made bad decisions. They spent over spent in executive salaries among drifting SUV sales, rising oil prices due to war with an oil producing nations, scared three other big OPEC members, and were ignorant to the immediate homegrown housing bubble crisis.

It's the worse case of failed capitalism I have seen in my short life.

its not completely GM's fault that all this has come about. they certainly didnt help their situation by over paying execs and handing out outrageous pensions way back when. in the BIG picture, this is our fault and now the big 3 are suffering from it just like everyone else...banks/mortgage companys. what you also dont realize is the economic ripple effect that this will have should GM or any of the BIG 3 close their doors. the Snow ball effect would be catastrophic all the way down to you and I. So, like TROLL said, its not as cut and dry as many people view it.

[ImportDPS]

All I wanna know is are the CEO's willing to work for a $1 a year to save the companies?

[TNTramair]

ofcourse not. but a 7 figure salary is pretty rediculous if you ask me considering the financial stature that they've been in for quite some time now. god forbid they take a pay cut...but no, it falls all the way down the **** ladder to the line worker in the factory, they lose their jobs instead.