SocraticGadfly: C-H-A-P-T-E-R 11 is spelled GM?

March 03, 2009

C-H-A-P-T-E-R 11 is spelled GM?

With sales numbers like these from February, the General can’t survive.

Nor can Obama have a good chance of giving it any more money short of it filing for a “guided” Chapter 11. Let’s be realistic here.

It was the worse auto sales month since the middle of the 1980-82 recession, when the population was only three-quarters the size of today. In population adjusted terms, it’s probably the worst since World War II.

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