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This is really simple. We live in what is supposed to be a free market society, and in a free market society when a company goes bankrupt it, well, goes bankrupt. If said company can manage through a Chapter 7 reorganization then it will survive relatiely intact. If not, the old girl gets split up and, more often than not, verious entrepueners and entities take the leftover parts and make something better out of the wreckage. In the case of GM, like every other private company on earth, that is exactly what should have been allowed to happen. It would have been better for the people of the United States and it would have been better for GM which likely would have continued on in worthwhile, if distinct, entities even after Chapter 11..
Now GM fans will face the worst of all possible outcomes, a GM run by the government.....an entity completely incapable of running a company in the first place for myriad, obvious reasons.......and not only run by the government but run by a government controlled be an extremely left leaning political party. Welcome to the American version of GAZ guys. If GM is the only victim of the current administration we'll be extremely lucky.
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