Quote Originally Posted by Retroit View Post
GM was never in as bad a shape as they portrayed. Remember Ford going to Congress begging for money, then changing their mind? GM could have done the same thing, but why turn down such a great opportunity?
GM didn't have the necessary credit ot turn down the money. Of course, Ford was mortgaged down right to the blue oval during the "oil crisis" that proceeded this recession. GM had [[and still has) NOTHING on their gas-guzzling SUV marketing. And despite their gains lately, they still have a severe amount of debt to contend with [[unlike GM & Chrysler).

BTW, I'm sick of people who continue to lie about Ford not receiving a baliout, when in fact they did receive one [[$5 billion dollars) after all the hoopla with GM & Chrysler relaxed. Their "be the bigger man" stunt was nothing short of a PR move.