Obama has said he expects GM to emerge from restructuring (aka
bankruptcy) a stronger company. That doesn't mean they aren't going
BK which will ZERO out your stock value. But hey, laws and basic math
are irrelevant compared to the power of some first time congressmen
that had the presidency handed to him. He must be at least 10x as
powerful as Bush, who despite being groomed from birth failed
miserably, he must be, really smart people like Oprah say so. They
even have bumper stickers that call him "the one", it must be true.
Please do buy all the GM stock you can afford, in fact if I were you,
I'd go take money out of your 401K account as leverage. As long as
you put it back in 60-90 days you can do this without paying any kind
of early withdrawal penalties. After that 60-90 days point there is a
pretty heavy penalty, but don't worry, you should have quadrupled your
investments by then. What's the worst that could happen, the
government has you covered, just like they the had hurricane Katrina
folks covered, so you should be rolling in $$$ before that 60-90 day
period kicks in.
It's a no brainer, Obama says so, if you can't count on a liberal
politician to lay out more corporate welfare who can you trust, right?
GO FOR IT, who cares about that $173B in liabilities is more then
double their $83B in assets, that's just silly balance sheet
mathematics, it's nothing compared to what can be accomplished via
politics and propaganda. That's how they sold the Iraq war and it
turned out great. What's the worst that could happen?
Who cares if they can't sell cars, who needs to sell cars when there
is always another welfare check coming. Obama may have to write some
more welfare checks, NO PROBLEM.
So by all means available to you, 401K, loan sharks, food stamps, just
BUY, BUY, BUY, go big or go home, what are you some kind of sissy?
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