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syr74 · 06-18-2009, 01:27 PM

Keep dreaming guys. Strictly speaking from an economic perspective, GM and Chrysler are still in a far more dire set of circumstances than Ford. Focusing on GM, if they make it through bankruptcy they will leave with more debt than Ford possesses right now, believe it. And if Ford does indeed end up begging on their knees due to further economic hardship, you can believe that the odds of GM making it through Chapter 11 bankruptcy just slipped to a million to one shot.

This CNN article assumes a great deal, particularly as regards GM and Chrysler, and it assumes that virtually all of it if not all of it will work. That makes for a lot of assumptions. Guys, stop setting yourself up for disappointment. I have been telling people for years now that GM was almost assured of ending up in bankruptcy court. It happened. I likewise told them that Ford's financial plan to keep the company flush with cash made more sense in every respect and seemed very solid. It was and because of this Ford isn't kneeling next to GM in front of the Obama brigade. And now I am here telling you that Ford is still in far better shape economically and seems unlikely to end up in the shape that GM is in at the moment.

06-18-2009, 01:27 PM	#16
syr74 Account Suspended Drives: Thunderbird Join Date: Sep 2008 Location: Kentucky Posts: 951	Keep dreaming guys. Strictly speaking from an economic perspective, GM and Chrysler are still in a far more dire set of circumstances than Ford. Focusing on GM, if they make it through bankruptcy they will leave with more debt than Ford possesses right now, believe it. And if Ford does indeed end up begging on their knees due to further economic hardship, you can believe that the odds of GM making it through Chapter 11 bankruptcy just slipped to a million to one shot. This CNN article assumes a great deal, particularly as regards GM and Chrysler, and it assumes that virtually all of it if not all of it will work. That makes for a lot of assumptions. Guys, stop setting yourself up for disappointment. I have been telling people for years now that GM was almost assured of ending up in bankruptcy court. It happened. I likewise told them that Ford's financial plan to keep the company flush with cash made more sense in every respect and seemed very solid. It was and because of this Ford isn't kneeling next to GM in front of the Obama brigade. And now I am here telling you that Ford is still in far better shape economically and seems unlikely to end up in the shape that GM is in at the moment.