Today’s corporatism-assisted paranoia: Why would GM cut R & D, the source of its future growth, in order to show profits in the short run? Is something happening in, say, November, for which the 26%-government-owned entity might want its balance sheet to look artificially rosy? …. P.S.: Latest sales figures show GM’s market share has declined again. Total sales are flat for the year to date, and you’d have to say the GM arrow is pointing down because Toyota is surging back into the market after a series of setbacks (earthquakes, floods, stuck accelerators). … P.P.S.: Or is GM behaving like a company that wants to merge with some other company–sometime after November, presumably?…
Profits for Obama!
3:44 PM 05/01/2012