GM Moving More Jobs Overseas!

[kenshirley]

[JRScott]

We should never have bailed out any of these corporations. That was a grievous error of the Bush Administration that has been carried on by the Obama Administration. They simply aren't getting the taxpayer a good deal. For example by the time all is said and done Chrysler will owe twice as much to the taxpayer as it owed to the UAW, yet the taxpayer only got an 8% share whereas the UAW got a 55% share in the proposed restructuring plan that I hope the court throws out since it gives nothing to the priority and secondary lien holders.

[kenshirley]

I agree with you.
But then again what's a share going to be worth in a worthless company.
They have been hanging in there by a thread for years.
Food for thought.

[JRScott]

I agree they were hanging on there we should of cut the cord. Their own poor management is what has led them here. What's scarier is the very people responsible for running them into the ground, the UAW, will now be the majority owner if the court approves the government plan. Personally I'm hoping the court upon reviewing the plan tears it up and tells folks that they will proceed with a normal bankruptcy. (Course Obama would then probably fire the judge.....folks that though Bush was abusing his power should really look closely at Obama).

[lrprn]

We have several political threads going in the General forum. Please post all political opinions and other political talk there - thanks!