In a word (or a few)...NFW!!!!!!!
They are threatening to go through BK, which means they will use it to get out of the union contracts...that's why the Democrats are pushing this (to protect the unions).
Let them go through BK and/or obtain investment from other mfgs. I was against the Chrysler loan a few decades ago, and I truly don't care if they paid it back...it opened the door to the failures of our corporate world to come begging ever since. Saving that POS made money for a fellow Armenian (Kirkorian), lowered the quality of Mercedes Benz and now rests in the hands of a private investment firm...who did we save it for? Where do we stop...airlines, utilities, big retail corporations, etc.? Isn't Macy's as much a fixture as GMC?
We're going to end up with a collection of British Leylands...bad products and private welfare for union retirees.
And BTW...1ntCobra, nothing personal...WTF with blaming the "fickle American consumer?" Toyota and Nissan came to the big pickup/SUV party late and are soaking up their losses, so why should we help the morons in Detroit for their bad choice of products? Sh!t happens.
OK...who's next, MS for bringing out Vista?
