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Originally Posted by cj2112
I hate to break the news to you, but GM is not suffering because of Bush. GM is suffering because they have a reputation for building shit. Ask people what they think of GM's quality over the pass 20 years, then ask them what they think of Toyota's quality over the last 20 years. People aren't buying GM because they equate GM with poor quality vehicles.
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Yep. Two other problems are that health care benefits add $1500 to the cost of every vehicle (don't have a link, but I heard it on the radio, so it must be true
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And people have known for years that GM stock would suffer, since they've underfunded their pensions so dramatically. Like many other large caps.
But not solely under Bush.