“Not Well Thought Out” my ass.
It was and remains, nothing less than government enabled financial crime on a vast scale, that should have shaken the integrity of our financial markets to their very foundation.
It will be a long long time before I consider buying another GM vehicle.
Thought out well enough for me to decide that I’ll never ever consider purchasing a GM product again.
Coupled with my unending effort to socially stigmatize anyone who actually is stupid enough to purchase said vehicles.
This was a well-engineered (and possibly illegal) transfer of wealth from bond holders to the Unions. It was also a way to put many family-owned dealerships out of business and set up White Crib cronies with dealerships. GM is a shadow of its former self, and would have been better off going through traditional (and legal) bankruptcy. It would have recovered faster, been more streamlined, and more profitable.
Its the fault of We the People it has taken him THREE freakin’ years to figure THAT out. We the People had an obligation to one another and the USA to make that evident right at the git go ...or within about 2 weeks