News Video, GM retiree reacts to losses. (corporations, bankrupt, financial)

[John1960]

Workers and retireees react as the auto industry announces billions of dollars in losses. CNN's Brooke Baldwin reports.

Video - Breaking News Videos from CNN.com

[zman0]

Why are they talking to a line worker about the financial future of GM? What does he know about the needs of a multi-billion dollar a year company? Really, CNN might as well have gone to the local homeless shelter and asked one of the guys there what he thought.

[Philip T]

Originally Posted by zman0

Why are they talking to a line worker about the financial future of GM? What does he know about the needs of a multi-billion dollar a year company? Really, CNN might as well have gone to the local homeless shelter and asked one of the guys there what he thought.

Yep.

Never ask a troop how to fight or win a war.
Never ask a carpenter how to build a house.
Never ask a waitress or waiter what is good at a restaurant.

Top down thinking is what helped make things what they are today.

Why stop with what has brought US to where we are now?

I agree we should only seek and ask advice from the top-level pack of MBA idiots and morons who have driven the country and corporations into bankruptcy.

Gotta dance with the one who brung ya, yunno.

[zman0]

Originally Posted by Philip T

Yep.

Never ask a troop how to fight or win a war.
Never ask a carpenter how to build a house.
Never ask a waitress or waiter what is good at a restaurant.

Top down thinking is what helped make things what they are today.

Why stop with what has brought US to where we are now?

I agree we should only seek and ask advice from the top-level pack of MBA idiots and morons who have driven the country and corporations into bankruptcy.

Gotta dance with the one who brung ya, yunno.

I might ask this guy how to build a car, or a soldier how to win a war, or a carpenter how to build a house, or a waitress what is good at a restaurant.

But I would not expect a soldier to know how to allocate defense spending, or a carpenter to budget for future home development, or ask a waitress on how to start up a restaurant.

This "everyone is an expert" mentality leads to these types of stories. Ask someone who lost his home in a hurricane about what happened, and he will tell you it's the worst destruction ever. Ask someone who recently lost their job and they'll tell you about the terrible economy. Ask a convicted felon and he'll complain about the unfairness of the judicial system.

While there may be some grain of truth to each of those statements, individual experiences distort their perception.

[floridasandy]

Originally Posted by zman0

Why are they talking to a line worker about the financial future of GM? What does he know about the needs of a multi-billion dollar a year company? Really, CNN might as well have gone to the local homeless shelter and asked one of the guys there what he thought.

of course going to the GM executives probably would not have been much more helpful because they clearly don't know how to make it work either.

[texdav]

But the GM executives have completely changed their tune. From; we have a plan and are on the way to recovery;to we are on the way to bankrupsy if we don't get a bailout. That within a month. Doesn't sound like something I want to invest in especially when their stock has now beeen valued at 0 dollars by the one big bank.