Sunday, May 31, 2009

General Motors – Sad day for America

This will be the largest bankruptcy in the history of our country. God, I hate to see the stock market at the end of tomorrow. Shudders.

Whose fault is this? Who do you blame?

  • The Unions? Bloated contracts?
  • The U.S. consumer? I own a GM car and it the best car I have ever owned.
  • Bad management decisions?
  • The Wall Street crisis?
  • The government?

The taxpayer here has already given $13.4 billion to General Motors. They wanted over $22 billion and now it is reported that GM cars will be produced in China and brought back here for sale.

Millions of American workers out of work and dealerships closed. This can’t be good for America.

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