.9 billion lost in 2008
Can the numbers coming out of GM get any worse? .6 billion lost in Q4. .2 billion in cash burned (more). That’s .7 million lost per day.
What else can you say?
Should Obama pull a Thomas Friedman and only give auto money to start ups and just let GM go under?
“Our motto should be, ‘Startups, not bailouts: nurture the next Google, don’t nurse the old G.M.’s.’ “
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