05/05/05

Permalink 07:34:39 pm, Categories: Dollars & Sense

GM and Ford approaching Bankrupture

Standard & Poor's cut General Motors Corp.'s and Ford Motor Co.'s debt ratings to junk status. Nearly $300 billion worth of debt.

That's too damn bad. Bitches should learn how to properly manage a company and continuously innovate and not just ride on its past successes. They've both bet the farm on gas-guzzling SUVs. How stupid can you be?

One more reason why the Bullshit administration, through the feds, want a weak dollar. It helps American companies perform in overseas markets and increases the value of their mostly-foreign assets. (But it also makes materials more expensive.) Trying to look good on paper has never been so bad!

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