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So Here Is The Meat.
"The deal is unlikely to allow GM to avoid bankruptcy, however. If anything, it might clear away potential obstacles to the government's plans to use bankruptcy as a way to turn around the nation's largest automaker.
As part of such a filing, GM would emerge with only its more profitable plants, brands, dealerships and contracts. GM's unprofitable plants, contracts and other liabilities that the company can no longer afford would be left behind in bankruptcy court."
So, being anal, here is what is going to pi55 me off.
We have to date pumped 20 Billion into GM.
Through this restructuring, we are committed to maybe as much as another 40-60 Billion dollars.
Now keeping in mind paragraph 2 above, if GM emerges from bankruptcy, closing U.S. plants in favor of Mexico, Canada and China, after taking all those U.S. Greenbacks……..then I'm done.
No Camaro.
No GM ever allowed in my garage again.
Ya vote with your dollar, and if the above happens, I'll be voting no.
LabRat
A government big enough to give you everything you want, is strong enough to take everything you have.
-Thomas Jefferson
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