Quote:
Originally Posted by Miamimatt
i dont understand you people. Obama doesnt want to touch GM. Theres is no money to be made there. second unions supported him big time so he doesnt want to touch this one. Remember Republican run states dont like unions bc unions make business difficult for the owner. Gm has been hurting since as early as 1999 and this is comming from a person who lived in MI up until a year ago and most of my friends and family work there. NEWS flash GM has got a big choice to make and the gov cant help them.
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You sir are correct. The choice is Chapter 11 or Chapter 7. That's the choice. They have to void the UAW contract (and do a bunch of other things) to stay afloat. Without major concessions from the UAW, which ain't gonna happen, none of the other cost cutting measures they need to do also won't matter.