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aren't you quite the capitalist Zac. OK for you to help ruin peoples lives who work in that industry and easy for you to blame the unions. You are just another troll with stock in the foreign car markets who just wants your own stpck to increase from the unemployment of your fellow countrymen. Shame on you.

The only way to get rid of the management, never mind the unions, is bankruptcy. Management seems to be a bigger drain on resources. Why doesn't someone research that and blog the results?

because apparently the suits are better then the working man. it's ok to talk on a phone all day and not get your hands dirty. By the way what bank does Zac work for? Bank of America? A Chinese owned company

GM can be competitive IF:

1. Most of Board of Directors resigns.
2. UAW contracts are terminated.
3. Warranties are renewed, no more
arbitration on claims.
4. Customer focus group verifies features and
quality standards of products after
production, competitors give more standard
features and design for the $.
5. Losing divisions are sold, Saturn, Hummer
Saab, Etc.
It will take Ch. 11 to accomplish these changes
since politicians side with UAW, etc. Otherwise
GM is doomed to be sold off in pieces.

I would prefer to see Chapter 7.

Won't happen though; the bailout will include political paybacks from the BHO administration to the UAW.
--
www.chl-tx.com

"TX CHL Instructor said...

I would prefer to see Chapter 7.

Won't happen though; the bailout will include political paybacks from the BHO administration to the UAW.
--
www.chl-tx.com"



shame on you sir

"Experts" do not have a very good track record lately.

;-)

How can any American manufacturing company survive in an environment that has unfair trade practices?, EPA Regulations?, competition that has most of its operations in countries that have government paid health care? How can any American blue collar worker compete with a worker overseas making 10 dollars a week? We need to rebuild our economy before we can help out the global economy. Stop listening to the Wall Street wiz kids who got us into this mess and start buying American made products!!!

Perfect timing for the liberals to come in and take the economy down to its knees. The only overtime in this economy will be the workers printing money.

I have lived in Michigan all my life, at auto world ground zero, I have enough of an education with degrees in Engineering & Economics to know that the way GM has run there company since 1960 they have lost market share, provided impossible contracts to the UAW- in the form of health care and benefits’ for life and those items have nothing to do with outside US car makers having an edge.
GM & the UAW have killed there company together.
This is not about the working man or the Management, since I started as a union brick layers son I believe I have a good view of the prospective.
Please end GM's poor operations at all levels by letting them go bank-rupt.
There are other car manufactures around to pick-up the sales.
I used to own 3 GM vehicles, I own zero now due to a poor product and many other reason created by GM not there competition.

That's a pretty dead-headed (read "Republican") approach to the current economic crisis. If applied across the board, it might at least be fair. Let the banks, insurance companies, etc. file for Chapter 11, too. They have proved far less instrumental than our manufacturers in trying to resolve our economic woes. The real solution to the depression is to charter a United States Bank that will accept deposits, make loans and issue credit cards like healthy banks are supposed to do. The existing banks can ask bankruptcy judges to cram down their debt: a remedy that they are unwilling to allow for home owners.

Zac, Once again you show that you have absolutely no understanding of business or what you talk about. If GM were to declare bankruptcy, where would they get the necessary cash to run the business? The automotive business is a cash business. There are NO lenders in the marketplace today that would be willing to lend the type of funds needed for any business. Just look at the Chrysler report - their definition of Bankruptcy is liquidation. Then when GM goes out of business (Ford & Chrysler will soon follow), who will pay for that?? Your lack of knowledge on any subject thus far, makes one wonder how you ever got your current job. You sound like a bitter young little boy!

To state the obvious, if bankruptcy is the best option for our automobile industry, on the "throwing good money after bad" theory, then it's equally applicable to the banking (think Citigroup and Bank of America) and insurance (think AIG and MBIA) businesses. Let's stop attacking industries where the labor unions still have some presence, and stop coddling businesses where Wall Street has abiding and conflicting interests (think AIG's bailout in favor of Goldman Sachs and JP Morgan, by a hopelessly conflicted Treasure Secretary Paulson).

Just in - Zac Bissonnette is a sophomore at the University of Massachusetts Amherst. The guy barely has his drivers license and can't get into a bar! How did he ever become someone who knows anything about the business world! Time to ignore him

I think the American public showed the auto industry what they thought about the bailout last month by the amount of cars they sold. I bought a new Honda have always been a gm person