Simply Politics & News

[mlsoft]

RDG...

Shows exactly how big of a mistake the government made bailing them out and helping to trash settled BK Laws! NOw that the unions have been handed the keys, they are investing in plants where the production caosts are highest, rather than other states, where employee and overall costs are far lower. This does not bode well for futue profitability. We may never get all of our money back

It is not that we "may" not get our money back (we will not) -- GM will be a permanent money pit for the American taxpayer until congress has the guts to say "NO MORE" and tells GM that it must either sink or swim.

obama has given ownership and control of GM to the very unions that played a major part in GM's demise. GM went under the first time because the management catered to the union's desires, and now with the union actually in charge, GM's chances of survival without substantial government subsidies (as is already happening with the Chevy Volt) are zero.

mlsoft