General Motors Is Headed For Bankruptcy -- Again -BofA going down. Looks like Obama bail-out plan was fail for many corps. See recipient list

Salt is hubba hubba!

Bailouts MUST STOP!
There is no end to this insanity.
There has ALWAYS been a process in America to resolve
business failure. It's called bankruptcy.

In Title 11 of the United States Code
(the Federal Bankruptcy Code),
there are four bankruptcy filings:
Chapter 7 - Liquidation
Chapter 11 - Reorganization
Chapter 12 - Adjustment of Debts of a Family Farmer with Regular Annual Income
Chapter 13 - Adjustment of Debts of an Individual with Regular Income

A failed business or individual will fit in one of these.

There is NO SUCH THING as too big to fail.

Entire NATIONS have failed.

There is an orderly way to deal with failure, and it's
consequences.

To repeatedly pump good money after bad into a failing
enterprise is fundamentally unfair to the taxpayers
whose money is being stolen to prop up these entities.

The loss of jobs is a red herring.
Thousands of jobs are lost every day in America.
Do we prop up every mom and pop operation, every small
business to keep that from happening?
Of course we don't.
Then what is the difference between those thousands
of jobs lost, and GM?

And the banks? What gives them exemption from failure?

HAS TO STOP. HAS TO.

How easy would it be to spin the numbers in the opposite direction? "Oh no, we are losing so much money HELP!" ::they turn around to count the money going into their pockets::

Democrat/ Republican doesn't matter, we are screwing everything up

GM screwed my mom on a new lemon 2007 aveo which she is in ligation now on and BOA screwed me allowing my divorced wife who's remarried to adjust her mortgage and keep my name tied up on the papers without me agreeing to it, influencing my credit when she gets behind in the payments...all i can say for the suckers is, mess with the bull and you get the horns..or they can make both situations right and i will call off the dogs of hell ,if not oh well hells bells...you dont screw with esp/psi people who manifest the power of the creator...

I truly can't understand why the nation is blinded by Obama. This is just one epic failure. It truly makes me sick to turn in the news only to see nicely nice talk. When we were kids, we played "what's wrong with this picture." There are so many things wrong in this administration's picture, yet no one is doing anything. Why? Really.

I lived in Wisconsin and had friends in Detroit and Flint, MI. There is absolutely no success story for Obama there at all. Period. None. Just ask peeps in Flint.

Hey Michigan, did y'all get the hope and change you wanted?

dont remind this single easy on the eyes creator looking for another creator,lol..staying on mission is first priory though..

Yeah we should have let GM go under so we'd have MILLIONS yes MILLIONS more unemployed...


Then you fuck heads would have said "OMG why didn't Obama do something" lmao...

Yeah Detroit and Flint were such beautiful places prior to 2008...wtf...are you serious?

Number of Employees breakdown for GM both full and part time
Number of Employees shows total number of permanent full time and part time employees working for a given company and processed through its payroll.

GM

Number of Employees
=
Full Time + Part Time = 210 K


[link to www.macroaxis.com]

Hey Michigan, did y'all get the hope and change you wanted??

Flint has been fucked for over 20 years to think anyone was gonna make things all better in 4 years is RETARDED...

How much didn't Clinton do for Flint in his 8 years? How about George W, did he remake Flint into a bustling center of industry in his 8 years?

It's not just Gm employees that suffer if they fail. All the companies that supply items for production, the car dealers that sell only GM, the local area town business that the GM workers go to, those businesses suppliers, etc etc etc. It would have a domino effect that will reach far further than just the 210K GM company employees. Not saying I agree with another bailout or anything.

Exactly!!! Some here just don't grasp these things...

Do some more research...do you even understand how many parts go into an automobile? Do you think GM produces every part?

and good riddance, too.

Next!

I've owned just on GM product. an S-10 pick up. I had lots and lots of problems with the truck. I swore I'd never buy another GM. So far I haven't.

all of stockholders can learn how to make "worthless stock certificate soup".

i like my 98 extended 4x4 chevy truck,first year of push button 4 wheel drive and its got the Detroit door sticker when they made them chevy tough..you can keep the new plastic ones..

List of top GM suppliers (foreign suppliers in red):

· Acumuladores Moura
Brazil 1

· ADAC Plastics DBA ADAC Automotive
US 2

· AP Plasman Corporation
Canada 3

· Asia Co., Ltd.
South Korea 3

· Auma S.A. de C.V
Mexico 7

· Autoline Industries USA
US 1

· BASF SE
Germany 6

· Bend All Automotive Inc
Canada 4

· Bose Corporation
US 3

· Central Corporation
South Korea 1

· Chemico Mays, LLC. / Chemico Systems, Inc.
US 1

· Clark-Cutler-McDermott Company (CCM)
US 1

· Compuware
US 3

· Cosma International
Canada 6

· Daedong System
South Korea 2

· Daewon Kang Up
South Korea 4

· Denso Corporation
Japan 17

· Detroit Technologies Inc.
US 3

· DLH Industries
US 3

· Dongwon-Tech Co., Ltd.
South Korea 2

· Dynamic Manufacturing Co.
US 11

· ECM (Vehicle Delivery Service) Ltd.
UK 2

· EMC
US 6

· E-Won Solutech
South Korea 2

· FANUC LTD
Japan 6

· ICAHN ENTERPRISES LP
US 4

· FedEx Corporation
US 10

· Fujitsu Ten
Japan 1

· GENTEX Corporation
US 14

· George P. Johnson Company
US 1

· Cartera Gestamp S.L.
Spain 13

· Grand Traverse Plastics
US 2

· Grimaldi Group
Italy 9

· Ground Effects Ltd.
Canada 1

· Guangdong Hongtu Technology Co., Ltd
China 3

· Hanwha TechM Co., Ltd
South Korea 2

· Henan THB Electric Co. Ltd.
China 3

· Hirotec Corporation
Japan 6

· LEIF HÖEGH & CO.AS
Norway 7

· International Automotive Components (IAC)
US 2

· Johnson Controls
US 4

· Jones Lang LaSalle
US 3

· Jaeyoung Solutec Co., LTD
South Korea 2

· Kafus
South Korea 3

· Kawasaki Kisen Kaisha Ltd. (K-Line)
Japan 4

· Kirchhoff Automotive GmbH & Co KG
Germany 7

· Kwang Jin Sang Gong
South Korea 9

· L&W Group
US 3

· Laird Group PLC
US 5

· LAKESIDE PLASTICS
Canada 1

· Lear Corporation
US 4

· Mando Corporation
South Korea 5

· Mann+Hummel
Germany 18

· Mett Pty Ltd
Australia 6

· Mitsubishi Heavy Industries Climate Control, Inc Japan 6

· Mitsubishi Electric
Japan 11

· Mold Masters Company
US 1

· MRM Worldwide
US 1

· MWM International
US

· NGK Spark Plug Co., LTD.
Japan 9

· Nippon Seiki Corporation, Ltd
Japan 3

· Posco
South Korea 3

· PST Eletronica SA
Brazil 2

· Pyeong-Hwa Automotive Co.
South Korea 4

· Ryder
US 5

· Saint Jean Industries
France 1

· Shape Corp.
US 7

· SL Corporation
South Korea 14

· Starcom MediaVest Group
France 1

· SUNDRAM FASTENERS LIMITED
India 6

· Sungwoo Hitech Co., ltd
South Korea 2

· TMS Transport- und Montagesysteme Gmbh Austria 1

· TV Minority Company
US 7

· Van-Rob
Canada 13

· Wooshin Systems Co., Ltd
South Korea 6

· YEONG HWA METAL CO LTD.
South Korea 2


[link to www.reliableplant.com]

With all due criticism of Obama, the bailouts for the auto industry were authorized in December 2008 under Bush's government, a month before Obama took office.

...the S-10's have never been any good,see consumer reports...

and we can put all the workers to work fixing our bridges,
gas lines, sewer lines, and water lines.

ok, how much will the US suffer, again?

Yep.

Yeah we could do that if the Congress would stop their obstructionist bullshit...

I traveled all over this country throughout the summer and I have never seen LESS road construction...NEVER...

If Mitt Romney wins he needs to let GM, Chrysler and the UAW fail like the many airlines that have failed.

pssst, dont tell the obamatards, they will just cry and blame bush.

THIS a thousand times. People really have selective memory.