Comments on: Stocks Tumble as Automaker Plans Are Rejected

By: akuperma

akuperma — Tue, 31 Mar 2009 02:04:33 +0000

#3 – Obama is the one who suggested bankruptcy, which is vehemently opposed by the UAW since it would cancel their contracts. It looks like your communist turns out to be a good capitalist (unlike the people who have been running the Treasury for the past few years, through a party change, who seem to think the Treasury is a gemach for poorly run corporations).

By: artchill

artchill — Mon, 30 Mar 2009 21:45:06 +0000

Golem’s at GM.

File for bankruptcy protection, and get ot of all the silly union contracts plunging the company farther in the hole.

When Obama yells in protecton of the union, GM can turn this aroud on Obama. He prefers a company with thousands of employees to close down, because he’s beholden to the union’s.

GM has a golden opportunity to stand up to the Communist dictator, and say “NO”.

By: akuperma

akuperma — Mon, 30 Mar 2009 21:14:07 +0000

Perhaps they are even more worried that the companies will have to make a profit by producing something of value and selling it for more than the cost of production – as opposed to raiding the Treasury for taxpayer “bailouts”

By: deepthinker

deepthinker — Mon, 30 Mar 2009 21:00:51 +0000

GM can be saved only if it declares bankruptcy and files for Chapter 11 reorganization.

then it can get rid of the monkey on its back–the bloated UAW pensions, that are funding retirees all over the State of Florida.