He's too concerned with helping foreign car builders and offering energy efficient cars no one can afford!
He is punishing the thousands of actual GM workers, not the higher ups. And Pontiac out of all of GM cars were the ones that were better built.
Buy AMERICAN or shut up about the job losses. Lets instead ship millions of product from China based with lead to feed our children, our pets and for them to play with.
Lets allow illegals to come in and take jobs from the tax paying Americans! Open the borders, after all seem to be losing our constitiution.
Breth
of OH
@
Apr 29, 2009 13:01:21 PM
bail out
it is pertinent that the US government bail out Gneral Motors ... this article reminds me of Chrysler back in the early 80's when my husband, went against all analysts and purchased Chrysler at something below $1 and ended up selling them years later for $135.
Back in the the 80's Chrysler went bankrupt by every normal definition of the word. It renegotiated its debts and restructured its organization in a way that greatly resembles a company going through Chapter 11 bankruptcy. Its creditors, like those of bankrupt firms, were forced to swallow sizeable losses.
We cannot allow GM to go bankrupt ... what will the US do without an auto industry ... it will descend to a level similar to that of a third world country ...
Shakun
of NY
@
Mar 30, 2009 16:58:43 PM
Foreign Auto Industry has unfair advantage
When the auto industry has huge overheads for health insurance for the thousands of personnel , and even more for retirees that are receiving health benefits. It is no wonder their businesses can't make a decent profit. Their saddled with billions of dollars from a health industry, that have questionable practices. Isn't that why we voted for President Obama , to bring in a single payer health care system? Not with what we are going to get--auditors, not doctors in wealthy insurance companies dishing out limited services. Being a moderate voter I think one of the most important issues to get Americans back to work is Health care? Large and small businesses in this America have to negotiate with the middle man--Insurance companies!
They are the inter-mediator, we can well do without? If car manufacturing companies didn't have to pay extra for health care for it's hundreds of thousands of workers. Then we would be on a level-playing-field, with our foreign competitors who are subsidized by their governments? Why is it European countries like France, United Kingdom have a single payer system through the government that--WORKS! The usual critics have everything to gain, and so much more to lose--they will put every obstacle in the way of Universal health care. Before Britain was invaded by immigrants under the European Common Market, my family had excellent Social health care.
Every employer and every worker paid into the system and the outcome insured you of hospitalization, doctor visits, specialists, eye and teeth care. Then of course the majority of upper class Americans don't like the idea, because they can well afford the co-pays, premiums that the insurance companies add to their exorbitant fees. But then they get the best service, including home visits. The mechanics of health care in the US is no different to England's, including sitting in the waiting room and seeing the physician. If you needed to see a specialist you was referred by letter. The Democrats will state they are working for the American people, but for some that's an outright fallacy? It's unlikely we will never get rid of the greedy insurance companies--until we have taxpayer Campaign contributions for many corrupt politicians. Same with E-Verify for US Workers, because big business didn't like being cut off from cheap illegal labor. Of course the special interest lobbyists, will distort the truth to get voters to deny the 47 uninsured Americans (NOT ILLEGAL ALIENS) peace of mind--for--OUR--families and children.
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
Breth of OH @ Apr 29, 2009 13:01:21 PM
Shakun of NY @ Mar 30, 2009 16:58:43 PM
Brittanicus of IN @ Mar 30, 2009 13:51:51 PM
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