Quote:
Originally Posted by UCF w00t
And that's what GM has put a plan together to do... "wrenching restructuring".
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And you want that power that GM currently has of putting a plan together to be taken away? Because that is what Obama's auto panel and yet to be appointed auto czar is going to do if another bailout is granted and GM signs themselves even further away into Government control. You argue that what GM is essentially asking for is a bankruptcy without the stigma of it being called a bankruptcy at the cost of giving away their company's freedom. I guess that worked out well when the Government took control of Fannie and Freddie Mac and made real smart decisions there.. I don't buy the argument that nobody will buy Chevy or GM brands if they file for Chapter 11.. I think the majority of people would be relieved that the Legacy costs and Union control and wages would be gone so that the company can finally compete with the other car manufacturers. And what makes you think all of us pure and true blooded Americans of all races and creeds are going to jump ship and buy Toyota and Nissan because of a bankruptcy. You have little faith in America my friend if you think that. I certainly would still continue to proudly buy American and I would imagine this would wake even more Americans up..