This will be interesting, after stupid George W Bush Jr fell for their lies, then the new King of the world Obama handing out more billions to these thugs....Now BANKRUPTCY. We all knew this in October of last year. Bush could of given them the finger and let them go B.K and dump that Union at the same time...Now the Union will end up with pure ownership. Listen...If you need service just pull in to 1600 Penn Ave and ask for your new service adviser..Mr Obama. This country is in much more serious shape than what they are spinning. I feel very sorry for the dealers in this country who are taking the brunt of this fall.
I think the lesson to be learned here is to let flailing businesses fail. Although it's not the best comparison, I think it's rather akin to the natural world. Living things die to make room for new living things. Illness is Mother Nature's way of egging on the process of demise to make room for the next of kin. I think the business world operates in a similar fashion. If a business, like GM, is left to flounder, or is resucitated, it will only hurt the economy more further down the road. The best policy is to let them die, something a business-loving, money-hungry president like George W. Bush could not do.
Posted by: CKTriplett | May 31, 2009 at 12:00 AM
Whether GM is bankrupt or not, they still make shitty cars.
Posted by: Sally | May 31, 2009 at 06:04 AM
Bush did not habe the IQ to figure anything out, and he would not have know what finger to put up...I will take todays state with the leadership of our current President at any point to what we just experienced the last 8 years. And, I agree...GM has and will always make ______cars.
Posted by: Rick | May 31, 2009 at 06:43 AM
GM = Government Motors, or is it Gettlefinger Motors (UAW president). Either way it's GM and together they've destroyed untold thousands of lives and livlihoods with their greed and desire to tell us what to drive and where to buy it. But gotta protect those midwest votes.
Posted by: dingle | May 31, 2009 at 09:07 AM
What is interesting is the tax payers' will be loaning GM (Government Motors) another $40 billion AND will own 70% + of the company...
Based on last weeks value GM's common stock market value was UNDER $2 Billion ---
Why not just give EVERY GM employee cash - It would probably be less expensive!!
Posted by: TomBrooks | May 31, 2009 at 01:50 PM
Dave, you are so right. We are witness to pure treason and it spans both left and right. Obama will, however, nail the final blow.
Posted by: CT | May 31, 2009 at 08:45 PM
Maybe FORD..is doing something right, they took no money
Posted by: Jack Peek | June 01, 2009 at 07:14 AM