[Cringing Negativism Network]

If GM were to truly fail, that would be the end of American manufacturing.

We’ve already sent most all our manufacturing to China.

(cheered on by “free trade” so-called conservatives)

We now increasingly make nothing, save nothing, and pay foreigners for what we need.

[Lucius Cornelius Sulla]

Most folks are not talking about shutting down operations of the auto companies, just reorganization under bankruptcy. The result would be the removal of management and the loss, maybe total, of stockholders value. Contracts which are not supportable, basically labor agreements, would be voided and renegotiated at an affordable level.

[bella1]

“If GM were to truly fail, that would be the end of American manufacturing.”

The problem is that no one wants what they produce. Its not like they need a loan to fix the trucks that deliver the product to the masses waiting in line to buy it! The only thing the loan is going to do is enable them to make payroll for a while longer and fill the UAW health care fund. Giving them a loan/bailout is not going to make people purchase their cars/trucks. And believe me, I say this knowing full well the consequences, as i live in Michigan. But prolonging the inevitable is a waste of taxpayer money.

[agere_contra]

If GM were to truly fail, that would be the end of American manufacturing.

If American manufacturing is truly represented by GM then it needs to fail.

GM can't fail soon enough for me.

[pt17]

If GM were to truly fail, that would be the end of American manufacturing. We’ve already sent most all our manufacturing to China. (cheered on by “free trade” so-called conservatives) We now increasingly make nothing, save nothing, and pay foreigners for what we need.

GM is nothing more than a symptom of the problem - really stupid management, poor product design and development, greedy unions, inefficient production, retarded quality control, etc. Saving GM does not save American manufacturing. Letting it die hurts, but does not kill, American manufacturing.

[hunter112]

If GM were to truly fail, that would be the end of American manufacturing.

There are companies beyond the Big Three that are making cars in America, but they're run by people from overseas. Just two years ago, I was working for a semiconductor maker that was headquartered in Taiwan. We made quality goods at a profit, and had good benefits and pay without unions.