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To: Big_Monkey

and all of what you wrote is not the fault of this kid. You are confusing the issue. All of the problems of GM were all there prior to this kid and it was those experienced car guys that created it, no? Try not to forget that.


26 posted on 06/01/2009 9:12:06 AM PDT by MAD-AS-HELL (Hope and Change. Rhetoric embraced by the Insane - Obama, The Chump in Charge)
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To: MAD-AS-HELL
"...and all of what you wrote is not the fault of this kid"

My point is that a trained monkey could do what this kid has done. Rather than letting GM go through a standard Bankruptcy, perhaps backed with traditional debtor-in-possession financing, they've protected one of their primary supporters, the UAW.

Instead of a bankruptcy judge voiding the UAW's contract, the UAW is allowed to acquiesce to very modest changes that won't have any material impact of the future viability of the company. Without the real and tough changes that needed to happen, GM is going to be right back to bankruptcy, probably within 48 months.

This is a sad, sad day for Capitalism and the American way. You can't have success without failure. GM failed and should have been allowed to die a natural business death.

34 posted on 06/01/2009 9:21:19 AM PDT by Big_Monkey
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