General Motors is in the worst shape it has ever been. Compared to its current financial situation, the outlook for GM was just rosy after then 1929 crash.
The global auto market might collapse.
General Electric is not doing as badly, but GE's profits are off by a lot.
In the face of all the economic bad news, McCain keeps yammering about Bill Ayers, jut like one of those annoying rat dogs.
Friday, October 10, 2008
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