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Breaking!!!!......CAPS EXCLUSIVE!!!!!! Alstry becoming OPTIMISTIC!!!!!

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March 31, 2009 – Comments (9)

March 31 (Bloomberg) -- President Barack Obama has determined that a prepackaged bankruptcy is the best way for General Motors Corp. to restructure and become a competitive automaker, people familiar with the matter said.

It is becoming clear President Obama is quickly adopting Alstrynomics.  Is this man for real....is it possible he see the light?????

Restructuring is the ONLY way out for America if we don't want to destroy our entire economy and EVERYONE within it.

The process won't be fun...but it will set us on a path to prosperity and a much stronger nation.

We must purge the debt.....we must all sacrifice to make out nation stronger.

It might take 80-90%of citizens, businesses and municipalities to restructure......but  once we do....Alstry goes GREEN. 

And you will see a POSITIVE Alstry like you have never seen before!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

DREAMS CAN COME TRUE!!!!!

 

9 Comments – Post Your Own

#1) On March 31, 2009 at 9:53 PM, 100ozRound (29.40) wrote:

2

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#2) On March 31, 2009 at 10:02 PM, StatsGeek (29.19) wrote:

The bankruptcy of GM is the right thing.  How can GM compete when it has to mark up its cars to cover interest expense and legacy pension costs?  IT CAN'T, OBVIOUSLY!!

Now apply this same logic to thousands of other businesses.  The equity needs to be wiped out and a lot of the debt.  Then, and only then, can those companies move forward and grow again.

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#3) On March 31, 2009 at 10:06 PM, kamuirei (< 20) wrote:

Agreed, though you would have gotten props for the DeLorean by itself.

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#4) On March 31, 2009 at 10:10 PM, Varchild2008 (83.67) wrote:

I'm gonna sound like I'm contradicting myself from a blog post I posted on Monday....But, I agree with the fact that GM is getting the bankruptcy style restructuring that it needs.

Now...Does it guarantee success for the automaker? Quite frankly there may be no room for 2nd American Automaker much less a Third.  The Big 3 might have to be the Big Ford.

But...From an optimistic perspective....Bankruptcy restructuring is the best way to handle a failing corporation and give it some new life...ya know....give it a chance... 

My anger towards the President is that I prefer it handled by a Court Judge system and not by the Executive Branch of our government.  Alas...One could argue this is a technicality... But, it just makes my spidy senses tingle.

I don't have the optimism to believe bankruptcy restructuring for Banks will ever happen or bailouts will stop in favor of bankrupty court... Banks and Insurers and Credit Unions just seem to get seized. :-(

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#5) On March 31, 2009 at 10:13 PM, JGus (28.66) wrote:

COME ON, ALSTRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ONLY 2 MORE POSTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! YOU'VE GOT 2 HOURS LEFT...............................................YOU CAN DO IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Can Alstry Top 100 Posts This Month?

 

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