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.
we don’t know that yet..just let’s see what this kid does. That’s all. He might end up being a better pick than a seasoned political democratic douchebag hack. He can’t do any worse than what those seasoned car guys at GM and Chrysler did.