KausFiles

Profits for Obama!

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?…