Stockholders, who hold nothing, Bush/Obama/Congress took the ‘hold’ part away. So that that. Bond holders will get what they are told they will get. (Maybe in twenty years a Federal court will award them something)
So, really what we are left with is the UAW, Obama, Republican cowardly pukes, and non union taxpayers with hose size needles in their arms draining their work, effort, blood and taxes.
This is what YOU support.
With out GM/Chrysler dead, Ford will be next. We could of had no bailouts, dead GM/Chrysler an infused Ford, saved 20-30 billion so far, and a 100+ billion dollars to come, instead we get a weak GM, weak Chrysler, weak Ford, strong UAW, and mewing cowardly, timorous RINOS wetting their panties while what happens to the auto companies gets replicated like a virus throughout the economy.
Nice.
It is not a matter of what I support as it is the vision I see. From a theoretical business stand point, the fate of GM should be left to the market. There is some question in my mind that Chrysler as a private company will get the same exact treatment, but the market should decide.
From a political standpoint, GM can not fail because Michigan goes down the tubes. The problems and costs of such an event are unthinkable. The dominoes of Ohio and Indiana and possibly Illinois would likely fall as well.
Katrina is trivial when compared to the catastrophe.