GM Plan Calls for $30 Billion; 47,000 Job Cuts

[MrSharky97]

DAMMIT DEY DERK ER JERBZ !!!!!!!!!

[infinitycj]

Why is GM getting a bailout while the other 6.5 million Americans that lost their jobs were left out in the cold?

What has GM or the labor union done for our elected officials to get this favor?

[TheJTeam2009]

Here's a question... what are we to do if we keep losing large amounts of jobs like this? What are people to do?

Lots are getting on government assistance programs to help out financially during these times... But where does that money come from? deductions off our paychecks..which we're losing fast.. Will there be enough money to keep it all going?

Here's a thought.. What if all the people losing jobs came together and helped each other out, came together and made something happen together??

[TheJTeam2009]

Thanks for being negative...lol

Not a fan of drugs...lol.. And all i'm saying is when people come together we can accomplish a lot as a whole. Lot more than one person on their own. Look at all the people that have lost their job in one factory...If those people came together and said "hey, lets do something" then maybe they can create their own jobs...could be forming a new small business or helping each other out with small businesses or anything. Happened in my town when factory closed.

[srxshadow]

General Motors please FAIL already. You make products that suck. This money will not help you make cars that people will want. You should have learned this a long time ago.

[JohnR22926]

Gee, they're back again for another pot of swill! Is anyone surprised by this?

The billions we provided in September were just the first installment of course. And if you want to believe these liars, they're going to need steady govt cash infusions until about 2012 (but...as he said...MAYBE until 2015). If you believe him.

And the govt will provide every penny because the unions OWN the Dems. Socialism here we come!

[1erie1]

what a joke, this asshole and his incompetant budds sank gm, im 1 of the 47000 who loose their job so rick can keep his. i hope you fucking die pennyless you bastard ! i will because of you.

[thecp29]

Thank you Bush, thank you Graham, thank you to the obstructionist GOP, thank you to Madoff, thank you to Wall Street...

We give over $200B to banks and AIG...they in turn fly to Vegas for junkets.

[MykolWam]

Instead of just giving them 30 billion dollars, why not have the government bail me out by buying struggling families a new GM car? GM would still get the money, struggling families get a new car, their sales would go up and it would help everybody out.

[JohnR22926]

myko: Hey! Good idea! While they're at it, they can give me a new home on the lake, free university for my kids (including graduate school), and maybe a check for $1 million (you know, for sundry items).

Ever consider how it gets paid for? No, I'm sure you haven't. In your world there's an infinite amount of wealth that infinitely renews itself and it's as simple as govt gathering it all in and giving it to YOU.

[MykolWam]

You completely missed the point. Congratulations on the epic fail. Let me spell it out for you. If the little man doesn't get bailed out when he runs into problems, why should the big companies? Nobody should be getting a free ride. They made their mistakes and they can pay the price. The world will go on without General Motors.

[JohnR22926]

myko: I guess I missed your point because you didn't state it clearly. I even re-read your initial post to see if you were saying it sarcastically...if you were, it didn't come through at all. Try again.

But, I agree completely that the big guys shouldn't get a bailout while the little guys foot the bill. GM/Chrysler should go into a modified bankruptcy, void their unaffordable union contracts, fire management, and come out smaller, but more viable companies.

[montyloree]

They're going to start to repay the loans in 2012... this means that they're illiquid until then...

[94z28rag]

Give them the money.

[montyloree]

No.. don't give them the money... they're not living up to the deadline that they promised they would live up to.

They're doing the usual GM thing again, and pushing their weight.

[Tigerpoi51]

There are going to use the Money to build a factory in Mexico or Brazil and say ... " this is what we have to do to be profitable".

[montyloree]

GM was given a deadline, it appears that they didn't live up to their deadline.

Now they're asking for more money.

[montyloree]

OMG... this is wrong!!!

Stop GM now!

[MykolWam]

Evolution, General Motors, evolution. Like the dinosaur. Look out that window. You had your time. The future is our world, General Motors. The future is our time.

[gplex86]

/\

AGENT SMITH

[ThePhoneVilla]

Wall Street runs America

[ewrh78]

why not call it nationalization?

because wall street (=shareholders [laughing at you]) don't like the consequences.

[CarryANation]

The first job cut should be Rick Wagoner's.

[averageworkinggal]

If we don't save producers, how can we implement Peter Schiff's plan to produce and save rather than borrow and consume?

[erikarabin8924]

You can't have any more fucking money. No more bailouts.

Its gone way too far, this is it. Time for revolt.

[Dejayfever1]

Bankruptcy is your only resort buddy...stop mooching off of us!!! It isn't fair, and it isn't right. I feel bad for the 50,000 people, but if we choose to live in a capitalistic world then this is what happens. Take it or leave. We can't have our cake and eat it too.

[archaedemos]

this sucks

[starcatcher7777]

Let them Crash and burn:

NO MORE BAILOUTS:

THAT INCLUDES THE WATER BILL FOR THE NEGRO College Fund:

Let the Magic Negro walk on water!

[ninanwk69]

I hope GM survives! I'm sick of watching foreign companies replace American.

[WKaliber1]

they will anyway, cause they're cheaper and better

[RomeoneedsaJuliet]

forget GM i'm buying a Honda

[uae6066]

47000................