I agree Moneyfarmer, and I drive a 2004 GMC truck.
All this whining about needing more money and now talk of having to file bankruptcy to reorganize is really more corp welfare and it is wrong!!
Like another poster said, and to go with what Obama keeps preaching about needing to stimulate buying in the economy, is the auto makers (especially GM) should be issuing huge rebates to the very people who will buy and own the vehicles; not more monies back to GM corp to be squandered away as I cannot believe there are so many dumb people out there seeing GM is not making changes (like Ford has) and back to same old tricks. The unions bought this nowhere man this position and he is giving them what they want at the expense of all the rest of the nation's citizens.
But heck, with seriously large rebates or lower car prices (which would move a lot of new cars), GM really can't do that now either, huh, because their union costs add so much to vehicles they would be literally giving them away and they won't do that. On the flip side seeing so many really decent used cars too out there, problem in my area is banks are now trying to con people saying any used vehicle at 4 years of age no longer has value left and it is not considered collaterable, and they start charging interest at 13% minimums now (up to 30% here in NC)! Funny cause over a year ago the bank commented on how nice my used GMC truck looked and was showroom clean and well kept...??? We just need a good old revolt across this nation I think.
