Government, UAW To Own 89% Of GM In Restructuring

Start Thinking Right ^ | April 27, 2009 | Michael Eden

[rovenstinez]

I’ve heard of Win/Win..but this is Loose/Loose/Loose. The Gov’t looses, the taxpayers and the UAW

[aliquando]

Give the whole damn thing to the unions. Let them experience their own unreasonable demands.

[frankenMonkey]

I bet it’s really “Lose/Lose/Lose”

[dfwgator]

Gee, what was that other government run car company?

[Swanks]

Nice deal. The UAW contributes greatly to the destruction of GM. And as payback for some campaign contributions winds up having payback = given the company. Very scary.

[Freedom56v2]

So wait, the taxpayers are on the hook, the union is the owner? Jeez I can’t believe my tax dollars have gone to give this company to the union :(

[liberty or death]

It will be the first time in history that a union will make the initiative to suggest wage cuts. Otherwise they won’t survive and unlike the Soviet made junkers this company will have real world competition to deal with and competition creates quality.

[edge10]

Isn’t that ironic? Don’t you think?

The company that made my beloved Corvette, is dead to me.

[sheik yerbouty]

And we now have a fuhrer too!(Barf!)

[EGPWS]

The UAW contributes greatly to the destruction of GM. And as payback for some campaign contributions winds up having payback = given the company. Very scary.

Lest we forget the contributions by taxpayers via bailouts being dumped into the unions lap....

[capydick]

What the heck? Why not hand them the keys to the factories and walk away? Then - they can reap what they sow.

[sheik yerbouty]

Maybe Ford will put IFS on the Shelby at some point..I

[N. Theknow]

Only two things left to do:

1. Build a wall to keep taxpayers from fleeing the country

2. Invade France.

[hoosier hick]

First off, at least taxpayers and the UAW both get screwed. I think it is time for consumers to finish off Government Motors....

hh

[devere]

Obviously the bondholders will insist on a bankruptcy filing, after which they will own GM, or its remains. What are these clowns in DC thinking?

[Raycpa]

What an interesting case study for future studies?

[TexasNative2000]

I’m sorry - what did you say? I’ve been too busy worrying about the Swine Flu and that Air Force One flyover in NYC.....

[Mat_Helm]

So what? Do they own the market? Do they think anyone will ever buy another GM vehicle if it is owned by the Gov and the UAW? I would never buy a GM product again. Period!

[element92]

>Give the whole damn thing to the unions. Let them experience their own unreasonable demands.<

that is exactly right.