[Supermans]

Originally Posted by GTAHVIT

If the gov hadn't given them that money then GM would be just that much further in debt.

Not to say that in hind sight it would have been better for GM to file last year, before the loans.... But I'm not sure that they would be able to continue producing cars back then

I'm guessing, but I think the loans they got early on are allowing them to maneuver the bankruptcy process while continuing to produce cars and earn revenue...

My guess.

I did not support the current Government takeover in its current state which not only was to preserve the UAW, but to take away all current and future litigation's on GM vehicles that have legitimate issue that caused peoples deaths because of failure. When asbestos companies went bankrupt, money was set aside for litigation and compensation for families affected. Not in this current Chapter 11. This is a huge problem in my opinion because of how anti-consumer it is. Not to mention the decision that was made on behalf of the current GM bond-holders.

Originally Posted by arozar

So its better for my three year old to be in debt (the tax payer)? WTF!!

Apparently so in order to keep the UAW as number two majority holder behind the Government and create anti-consumer laws.

Originally Posted by GTAHVIT

You should be a little more carefule how you quote me.

read my reply in context to the post I was answering from Diddiyo.

You might find that you and I actually agree.

I said that in hind sight it may have been better for GM to go bankrupt a year ago...

Throttle back a bit..

Back then, were you in favor of the 10 billion loan or for the bankruptcy to restructure the UAW?
Do you agree the Government takeover should have happened this time when it did with all the current writings in the law or would you rather have had less of a concession with the UAW and more with the bond-holders?

Originally Posted by arozar

Hey, I'm not trying to piss you off, but I was screaming for this bankruptcy long ago. I don't know when bankruptcy was turned into such a bad thing, many companies have gone in and out, with out bailouts and survived. I think for the long run, it would be best for GM to go belly up, good execs build a new company with out the UAW and the Government. That would be the way it would have been done pre-1930, before the progressive movement started taking roots. I would much rather go through the great depression x10 now, so my kids and grand kids don't have too. But most people seem to want there kids to deal with our pain.

I hear ya however GTHAVIT is a moderator that is following very strict forum rules which forbid any anti-Goverment political talk at this time. We all have high emotions because of what is happening all around us and at the moment it feels like there is nothing we can do about it. We just have to pray.. peace