Why would GM cut R & D, the source of its future growth, in order to show profits in the short run? Is something happening in, say, November, for which the 26%-government-owned entity might want its balance sheet to look artificially rosy?
They Wouldn’t Be That Dishonest, Would they?
2 May 2012 by hamerdinger
GM (aka Goverment Motors) would never, ever cook its books to make Obumbler look good, would they? I mean, after all, it’s not like the US Taxpayer has more than a 26% interest in the company and Obama’s union goon squad needs employers to pay their outrageously lucrative contracts and pensions…
Of course, wouldn’t it be shocking to learn that someone in the Obama Administration influenced this timely change in corporate spending priorities… “That’s a nice little car company you have there. Be a shame if something happened to it…”