Please note everyone... according to the news I heard this morning GM will be 60% owned by the U.S. Government, and 16% owned by the CANADIAN GOVERNMENT as well!
Well, at least the auto-workers will still have their jobs, right? I wonder where they think they’ll find customers for their GOVERNMENT MOTORS cars (same with Chrysler).
And all the talk last fall was that we CAN’T let them file bankruptcy! We just CAN’T we’re ALL DOOMED if they do! Yeah, and this is SO MUCH better isn’t it??? Where did those BILLIONS go? To “settle” their books before they went to court or something?
I don’t suppose we’ll hear much from those who were pushing for all the stimulus bills coming on this thread apologizing either...
The sad part is that some people on the board likes the idea of the Government propping up dead companies. In a sane world GM and Chrysler would have gone into bankruptcy. Then a leaner and meaner GM and Chrysler would have emerged or a new car company.. In a sane world that is..