Tuesday, October 13, 2009

Wait, thats MY car company...

"Analysts express doubts about GM" - how can this be so in our post-capitalist, shoe-polish powered mini-car world?

GM has announced plans to build 2.8 million vehicles next year, about 1 million more than it expects to make in 2009.

"When an automaker builds more cars and trucks than consumers want -- as GM has done in the past -- it is forced to discount the vehicles, which cuts into profits. Some experts wonder if GM is doing that again," wrote Tim Higgins, a Free Press business reporter.

Hmm...supply and demand. Boy am I confused. Weren't we told that in our land of rainbow colored unicorns, where Presidents get Nobels for doing nothing, that the laws of economics - if not the laws of physics - were no more? Odd.

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