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General Motors Company Message Board

  • "Yes: Bush should have told them five years earlier that the govt would not help them. They would NOT have been so much in the hole then. They should have forced GM under sooner.

    Then any number of firms could have DIP'ed for them. But no - that idiot let them lose $88B in five years to the point where only a TARP recipient could have bailed them out."

    I'm wondering what GM would have done differently if Bush would have told them 5 years earlier that the government wouldn't provide DIP financing. What do you think that would have done to change what they were doing? In 2004, GM made $2.8 billion (granted not an adequate return), had $57.7 BILLION in cash and marketable securities, $27.7 billion in shareholders equity and over $13 billion in cash provided by operations. I seriously doubt whether any company would drastically change their course based on these numbers.

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