McCotter on Fox News Discussing Invevitable GM Bankruptcy
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Don't by foreign cars this will cause even more job loss and economic downturn if u don't by a gm or Chrysler buy a ford
nickchirco 1 year ago
It's called creative destruction. GM will come out of Chapter 11 much smaller, and be rid of their overwhelming retiree health care costs. They'll be leaner and meaner and will stand a good chance at being a profitable company again.
That is...if Obama doesn't try to micromanage the outcome to protect the unions. If he does, you can plan on a steady stream of taxpayer subsidies (bailouts) and govt meddling in building green cars, etc.
JohnR22926 2 years ago