Thursday, February 16, 2012

GM shows largest profit in its History!!

Today General Motors announced the largest profit in the history of their company. Now I do find that somewhat questionable. Why? General Motors took federal government bailout money .... money that has yet to be paid back in full. According to reports, approximately half of the bailout money is still owed to the government, or more appropriately the American people. How does a company that still owes so much money to the federal government show a profitt??!!!Really? Profit?

And then the big blow to the American taxpayers ... the employees are getting a $7000 bonus! REALLY!!! Now I would love to have a company that had been failing, let the government bail me out, and then give my employees bonuses!

I don't see what GM has accomplished as that big of a deal. Afterall, the federal government bailed them out monetarily and by tarnishing the reputation of the then #1 automaker in the US - Toyota! That's right, the 'brake/acceleration' issue was totally fabricated simply to pump up Detroit!

American automakers missed the boat over 30 years ago by not taking the Japanese invasion seriously. Had they at that time, there never would have had to be any bailout. Ford was the first to attack their quality and, by doing so, they weren't required to take any help from the American government. So today, if you want to blow a Detroit automakers horn, blow Ford's horn. They truly deserve it.

Wednesday, February 1, 2012

Basketball

I haven't taken many photos since our vacation in July. While at the local basketball game, I decided to try out my daughters new camera. Below are a the best of the group.