[MadTruckMan]

It seems pretty obvious to me. First, no more GMAC leases. And then GMAC basically stops loaning money for cars unless you walk into a dealership with a fist full of cash. And I would be willing to bet that rates with other banks probably isn't really competitive. This creates the lack of sales that you now see. 20% loss, 30% loss, could be attributed to economy in general, but 50%?? That is totally from the lack of credit from GMAC and other banks. If you take a look at Toyota, company without the legacy costs of a GM or Ford, they are still turning a respectable profit. Not as much as the market would like, but still turning a profit even in this bad market. If you get GM to 2010 when the VEBA kicks in and GM can shed the retiree costs, GM begins to really make some money then. I would venture to guess that 1billion a month in profits would not be out of the question. Yes, paying back the loans would hurt that some, but you would not kill an industry that has helped this country through some of its darkest hours. But here is the kicker: What if GM doesn't have the 35billion to to pay off the VEBA?? Ummmm....uh oh! I hope that this is being worked into GM's numbers as we are going forward. Maybe this is where the UAW needs to step up and do their part to make this all work out. I hope it does...my livelyhood depends on it!