Word: gm
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...military personnel are dying in foreign wars, McCain dares to raise Paris Hilton and Britney Spears to the level of a national political debate. With the U.S. facing an energy emergency, McCain jokes about tire inflation. When your 85-year-old mother loses her General Motors health benefits because GM can't sell cars, you want health-care solutions, not McCain's juvenile critique of Obama's European trip. Voters must demand solutions from those running for office - not fifth-grade political campaigns with playground sound bites. As a retired U.S. Air Force veteran, I find it disturbing that McCain...
...just how thoroughly the slumping economy has clobbered the state of Michigan, consider first some traditional indicators: Nearly 300,000 manufacturing jobs have disappeared in the past decade. Ford just posted the worst quarterly loss in its 105-year history, and GM announced it was closing or converting plants. More than 1 of every 20 mortgages is in or near foreclosure, and at 8.5%, Michigan's unemployment rate is the highest in the nation...
...economy may be squandering that reservoir of goodwill. During a primary-campaign stopover, he offered a straight-talk diagnosis: "Some jobs that have left Michigan are not coming back." He has since tried to massage the message, but that task was made more difficult during a visit with GM workers, which McCain spent explaining why one of his closest advisers had just dismissed concerns about the economy as a "mental recession...
...were the Packers GM what would you do in this situation? - Nathan Henneka, Salt Lake City
Analysts were mostly positive. David Cole, chairman of the Center for Automotive Research, said critics have underestimated GM's resilience. "They have a lot of resources, and if they need to, they can always go back to the UAW for help," Cole said. Rod Lache, an analyst for Deutsche Bank, agreed, saying, "It looks like [GM's] cost structure is pretty competitive." But, he said, "where they're at a disadvantage versus other mass-market automakers is in pricing." Buyers won't pay as much for a GM vehicle as they will for a Toyota or Honda. GM stock dipped...