General Motors Bankruptcy

[Bill Call]

It never hurts to look back at what we were saying a couple of years ago.

[Colleen Wing]

I love a forward thinking pessimist

[Bill Call]

I love a forward thinking pessimist

Pessimism is the new optimism!

Lakewood will do better than expected in this tough economic environment. If the actions taken last year by the Fitzgerald administration were taken four years ago by the previous administration the City would be in the cat bird seat.

http://en.wikipedia.org/wiki/Catbird_seat

What actions will be taken four years from now should be taken now?

[Stan Austin]

Bill--- You have once again just taken one aspect of a situation and magnified it in an attempt to use it as a full explanation.
To wit-----labor/management issues certainly have played a part in the difficulties that GM and other old line industries face.
However, when a car buyer goes looking for a new car, I would suggest that other factors, namely engineering, quality, styling, pricing and quality are the primary factors that influence a car purchase.
Every car buyer in America goes into the market with those criteria and over the years they have chosen cars produced by the non Big Three at increasing rates to the point where GM, Ford, and Chrysler have less than half the domestic market.
The guys on the line build what management tells them to at whatever wages and benefits.
If management can't meet the above consumer demands, the company fails.
It ain't rocket science!
Stan