In response to:

GM to Go Bankrupt Again?

C.61 Wrote: Aug 17, 2012 10:00 AM
If we had let Gm go bankrupt,things for the worker would probably be much better today. The taxpayer would be of the hook the 26 billion that is owed,but also GM would have restructured quickly,without the heavy chain of union costs. Another gov't bailout going down the toilet. Obama has to be replaced,or our children have no future! None!
Dan107 Wrote: Aug 17, 2012 10:53 AM
C. 61, what you proposed is the model followed by the major airlines. They declared bankruptcy to get out from under their union contracts. They are now viable companies, leaner and more efficient.
Mike ATX Wrote: Aug 17, 2012 10:09 AM
You are 100% correct. There are customers who want to buy vehicles, dealers that want to sell them, suppliers to sell parts & employees who want to assemble these vehicles. A new management team, restructured labor agreement & restructured debt would have been the best solution for everyone involved.
PecosPete.38 Wrote: Aug 17, 2012 10:07 AM
How much damage can The Pretender do between losing the election and when he finally escorts his family out the door of the WH?

Despite being touted as a success by the Obama campaign, the taxpayer funded bailout of General Motors has been the opposite. The company still owes Americans $42 billion and its stock is doing poorly. Charles Payne from the Fox Business network thinks the company is on the verge of bankruptcy and will need another bailout in the near future.