Quote:
Originally Posted by hampstead38  Wal-Mart is a poor comparison with GM for any number of reasons. One, Wal-Mart has an effective business model despite criticisms; GM does not. Of course, some have argued there are far better ways to structure a bailout of the current economy... |
Thanks for a more balanced look, neither for nor against -and a lot more accurate.
Earlier I was being lambasted for trying to compare WM to GM. I must point out I was not the one making the original comparison...that was made back in post
#18. and then again in post
#26. My point in posting was to attempt to refute the erroneous comparisons being made.
That short sentence
"GM does not" should be the greatest determining factor in whether or not a loan should be approved (for any of the big 3). The absence of a viable, achievable business plan should preclude any mention of a loan.
BTW - they've already been approved for a
$25 billion loan. They now want an additional $25 billion! The first loan was supposed to be help for building more fuel effecient cars. Shouldn't a viable, realistic business plan have already been put in place to address that very issue? If a company is to survive they can't just continue to do business as usual. To many companies out there fail to realize that simple idiom.