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GM is tanking again should taxpayers bail them out again...?
GM produce 7 out of 10 cars in China now, a lot of Chinese jobs are at risk....
Bankrupt Motors Hedge Fund Fraud ... vid below
9 Answers
- RyanLv 59 years agoFavorite Answer
No, the government shouldn't be bailing out corporations. I love my chevy and id love it even more if it was made in America and not just assembled here.
- 9 years ago
GM needs to go through the steps of bankruptcy. They are obviously not doing something right, so someone needs to step in and figure it out, so they can then take control over their company, producing a better and stronger company with more stable jobs. Rather than our money saving them again for the same mistakes as last time.
I do like Chevy though. That's my preference of vehicle, which is why I say they need to go through the steps of bankruptcy. Not disappear off the face of the earth.
- ConvexLesLv 69 years ago
Excuse me, but Bain Capital is doing that... there was a segment on this earlier on Democracy Now.
Greg Palast: "Mitt Romney’s Bailout Bonanza: How He Made Millions from the Rescue of Detroit"
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- ScottLv 69 years ago
If they were union and voting democrat, we would still be proping up the horse and buggy industry. Sooner or later someone will have to admit that the 1950's business model does not work anymore.
- Anonymous9 years ago
Ford was forced to accept government money the overseas car manufactures benefited tremendously with Obama ''cash for clunkers'' B/s
This man is overwhelmed way over his head and must be replaced