[RayChuang88]

I think GM is already quietly working with the Commerce Department and SEC on a planned Chapter 11 filing that will allow GM to completely redo all its UAW contracts and also will provide a means to protect its suppliers—this is very important because those suppliers need to be around to protect Ford.

[bitterohiogunclinger]

“this is very important because those suppliers need to be around to protect Ford.”
GM has already been filing bankruptcy through it's suppliers.
Delphi being one example. Now, all the retirees will lose the benefits they were promised or more likely, the taxpayers will end up paying for them. No matter how you feel about the Automakers and the UAW, the consumer and the taxpayers are being held at gunpoint for their excesses. This is where we must take back power from the government and give it back to the people. The government must not be allowed to dictate what products a company must produce or what consumers must buy. That is one of the inherent rights reserved “to the people”.

[Nomorjer Kinov]

Large US companies with thousands of employees are among the biggest boosters of socialized medicine. If they can slough off their legacy health care costs and pension benefits onto their customers through the government instead of through their products they think they can survive. We are so screwed.