Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (782394)	4/29/2014 2:20:57 PM
From: i-node	5 Recommendations of 1577801

I think you're confused about the terminology or something. GM was never going to have anything others than a managed bankruptcy. They are just too big. The only question is what should have been government's role. Mitt Romney was clearly correct. Government should not have been involved although it could have lent money if no one stepped up from private markets. There was no chance of GM not continuing as a going concern, and Obama did NOT save GM. GM was going to continue. The question was whether Obama would get in the way of a permanent fix. He did, and GM will be back in chapter 11 as a result. Next time around private capital will not be willing to get involved unless the unions are totally obliterated and replaced by automation. At any rate GM was never going to shut down.

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