Saturday, February 11, 2006

GM and bankruptcy

The UAW continues to fight Delphi and GM, one company is in bankruptcy already and the other is teetering on the edge. Fortune magazine's cover story suggests that most American businesspeople don't want GM to go bankrupt.

Well, I think most Americans shouldn't mind it.

Once again like the airlines and Chrysler coroporation we, the taxpayers, are going to be asked to bail out a "great" American company. The company is in the situation it is in because it put itself there.

But instead of letting GM disappear like Packard, Studebaker and who knows how many car companies before,we are going to be asked to step up and save this American Icon.

Let them rust away, I say, and believe it or not I own a GM product, a Saab 9-3.


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