Buy gold viagra without prescription, Automaker GM announced last week that they their burn rate has been upwards of $2 billion a month, and in their current situation, could run out of cash by the middle of next year, if not earlier. They have asked the government for at least a $25 billion bailout to carry them through this economic downturn ((G.M. Says U.S, gold viagra in uk. Cash Is Its Best Bet)). Gold viagra, This is on top of the $25 billion loans for the "Big Three" U.S. automakers that the government approved in September to help keep the lights on ((House Passes Stopgap Spending Bill)), buy gold viagra without prescription. (It is important to note that they are requesting this new bailout because the other one will not come in time.)
I don't believe they deserve this bailout, or any significant help from the government, cheap gold viagra online. There are three major reasons why I believe so:
- Inability/refusal to adapt to changes in the industry and their competitors
- Lobbying against bills for better fuel efficiency and emissions restrictions (which in part is caused by #1).
- Lack of innovation
Those three reasons (variations on being lazy as a corporation) are why they are deservedly in their current position, Fda approved gold viagra, and why the responsibility of getting out of this mess is theirs, not ours.
Slow to Adapt
Their downfall has been a long time coming, canada gold viagra. Their revenue year over year has been very lackluster, Gold viagra from canada, especially when put side by side with their competitors. Buy gold viagra without prescription, Below is their revenue growth since 2004, compared with Toyota [ ((GM's 2007 10K report)) ] [ ((Toyota's 2008 SEC Filing)) ]:
[caption id="attachment_72" align="alignnone" width="387" caption="GM vs Toyota: Revenue Growth since 2004"]
[/caption]
Why does the chart look like this. GM's massive costs in addition to their boring, uninnovative gas guzzler vehicles, cheap generic gold viagra.
GM's cost-per-car is much higher than their competitors, Gold viagra vendors, with the lion share going to it's healthcare. Back in 2005, the cost of healthcare per car was $1, gold viagra online without a prescription,525 as opposed to Toyota's $201 ((GM vs. Buy gold viagra overnight delivery, Toyota: By the Numbers)). Now, I'm not saying giving your employees benefits is bad, but the benefits costs for idle and non-efficient workers can cause these costs to skyrocket, buy gold viagra without prescription. According to the same NPR report, the utilization of their factories was at 85%, buy gold viagra online australia, far below its competitor. Gold viagra uk, In addition, it takes GM longer to produce a car than Toyota does. The writing on the wall has been there since 2005, generic gold viagra online. They've had enough time to adjust. Buy gold viagra without prescription, Back in 2006, Toyota's revenue grew faster due to it's production of lighter cars and trucks, as opposed to giant gas guzzlers that GM was making ((Toyotas profit rises, rivals GM)). Find cheap gold viagra, As gas steadily became more and more expensive ((Energy Information Administration: Oil/Gas Information)), GM kept on making ridiculous fuel inefficient SUVs. Sure, pharmacy gold viagra, the profit margins were huge ($10-17k per vehicle ((SUV Fact Sheet)), Sale gold viagra, but when no one wants to spend $60 to fill up the tank, people will stop buying. $17k x 0 SUVs sold = $0, gold viagra buy drug. Simple math, Gold viagra cheapest price, yay. Meanwhile, other companies are building hybrids and smaller economical cars have been selling like hot cakes, buy gold viagra without prescription.
Lobbying against bills
I think that lobbying against better fuel efficiency and reduction in greenhouse gases is absolutely ridiculous and irresponsible. I find it abysmal that these large corporations are lobbying against something that can be proven to improve the environment and help fight this whole global warming thing and succeed in blocking or swaying legislation, gold viagra for order.
Even more ridiculous that they use arguments like this to prevent a 2007 Bill to restrict emissions:
This trial is about whether or not states have the authority to set their own fuel-economy standards. Buy gold viagra online cheap, And we will argue that they don't ((Automakers Challenge Vermont Emissions Law))
That's complete bullshit. Buy gold viagra without prescription, But good for them, they made a few bucks with their stupid SUVs and now they're fucked. Congratulations, you've proved short term benefit is always best, find gold viagra without prescription.
Lack of Innovation
If they didn't spend so much time better fuel economy standards, Free gold viagra, they could have used that time to create better, lighter cars that can actually compete in the marketplace today. But no, gold viagra overnight, they could sit comfortably on their fatasses letting their profit makers bring in the money. Cheapest gold viagra, I was talking to my brother the other day (he knows a lot more about cars than I do), and he said that all of GMs brands make the same cars, just branded differently, cheapest gold viagra prices.
Thomas Friedman of the Times wrote a great Op-Ed the other day called "How to Fix a Flat", which resonated with me a lot, buy gold viagra without prescription.
In the first paragraph, Order gold viagra from canada, he refers to the $25 billion bailout in September. The Chrysler CEO claimed that the money was going towards a "way to enable the car companies to retool for innovation". Are ., gold viagra in malaysia. you ... Buy gold viagra without prescription, serious. Order generic gold viagra, What have you been doing instead of innovating. Where did all that money go.
Oh wait, lowest price for gold viagra, right, Cheap gold viagra pharmacy, lawyers can be very expensive.
Well, that money was well spent right, find gold viagra online. Hm, but wait you need more cash now, buy gold viagra without prescription. To what, Cheapest generic gold viagra online, innovate. Sounds like a well run business.
They shouldn't get this money because it just gives them the right to continue with what their doing, gold viagra from india. I imagine it'd be hard for the government to really direct where this money is being spend and how these companies are run. Buy gold viagra without prescription, Left up to the current execs, doesn't seem like much would change. Gold viagra overnight delivery, He ends his article:
Lastly, somebody ought to call Steve Jobs, who doesn’t need to be bribed to do innovation, buy gold viagra generic, and ask him if he’d like to do national service and run a car company for a year. Gold viagra no rx, I’d bet it wouldn’t take him much longer than that to come up with the G.M. iCar.
Where to Go From Here
As Phillip Greenspun says, let them go bankrupt, gold viagra order. Chapter 11 bankruptcies are made for this purpose. It allows them to file for bankruptcy while keeping the company alive but let them reorganize their business, buy gold viagra without prescription. Order gold viagra from us, That solution makes complete sense to me.
Many say that if they do go bankrupt, consumers would not go near any GM car because of fears that the cars would not be under warranty, gold viagra buy online, would have declining quality, Gold viagra no prescription, etc. Again, Phillip Greenspun comes up with a pretty good solution, having the government insure their warranties instead of bailing them out.
Phillip Greenspun has been writing a lot on the topic recently. Buy gold viagra without prescription, He goes through stories of him renting a GM vehicle and how terrible the quality and other related topics. Read his blog here: Phillip Greenspun
Job Loss
Now, the biggest issue with letting them go bankrupt is the massive layoffs, and the subsequent ripple effect across the nation. This is the part I haven't really come to a conclusion to. It's a very tricky issue. A lot of the people who would be laid off wouldn't deserve to be. It wasn't their fault that their company was mismanaged into the ground, buy gold viagra without prescription.
I feel like the people who would be laid off would be better off at a company that won't be stagnant for years at a time like GM was. But in the economy, there isn't much cash and not many places for them to go.
The loss of millions of jobs would be devastating to the already horrid economy. That would be the only reason why they should get the money, and it looks like they will because of this. Buy gold viagra without prescription, It should definitely not be misinterpreted as helping out the company as it is saving the US economy from bottoming out.
President of Change
Looking forward, I believe that President Obama will bring great changes to the country. Not only is he an advocate of eliminating our dependence on foreign oil ((Senators Introduce Legislation to Reduce Gasoline Consumption by Half a Trillion Gallons)) through alternative energy, he's also taking a very public stance against lobbyist ((Obama’s Transition Team Restricts Lobbyists’ Role )). Having him at least acknowledging these issues is a huge step forward in the right direction.
While this is still all just talk, I have confidence that he will follow through and that the US will be moving in the right direction once he gets into office.
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