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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (594083)	11/23/2010 9:30:01 AM
From: i-node	3 Recommendations Read Replies (2) \| Respond to of 1580264

Not if you factor in the couple of million claims the government would have to support for unemployed workers of a collapsed GM and its supply chain. Exaggerating again. As you seem to be compelled to do. Lying, actually. Had GM been allowed to proceed through bankruptcy like any other company there is every likelihood it would have have never missed a beat. And let's not forget there are thousands and thousands of employees who DID lose their jobs as a result of closing facilities that we now know (some of us knew at the time) need not have been closed as it didn't contribute to the company's problems having them open. As usual, the supporters of big government lie about the entire situation to bolster the cause. The simple truth is the Bush cash injections were totally adequate had a normal bankruptcy process been used. But Obama felt he had to prove himself by "managing" the situation.

To: Alighieri who wrote (594083)	11/23/2010 11:30:00 AM
From: Tenchusatsu	1 Recommendation Read Replies (2) \| Respond to of 1580264

Al, > Not if you factor in the couple of million claims the government would have to support for unemployed workers of a collapsed GM and its supply chain. Complete bullshit. Other companies would have snapped up the manufacturing and the supply chain business. Ford, for instance. Plus the brand names like Chevy, Buick, and Cadillac are just too valuable to just let die. (Even the name "Cadillac" is used to describe health care plans for the "rich.") Net loss would still have been significant, but nowhere close to a "couple of million claims." Tenchusatsu