03-20-2009, 03:52 PM
Yes, people would lose their jobs. Some permanently, and a lot temporarily. That happens when major companies are forced to restructure to remain in business.. I've been a victim of that already, and hopefully it won't happen again. Don't think I'm completely biased against GM.. I work for an auto supplier. Fortunately, my employer was smart enough to diversify. Eight years ago, GM was 43% of our business.. in the last few years, even before the big downturn, it's been reduced to between 12% and 18%. My job is directly tied to how the auto industry is fairing, so it'd be more natural to be all in favor of whatever keeps them in business in the immediate future. However, by doing this our leaders have mortgaged the long term future and potential prosperity into simply prolonging the inevitable collapse.
Anyway, GM will never disappear. Ownership will probably change hands, but a worldwide force in the auto industry isn't likely to completely dissolve. The offshoots (Saturn, Buick, Pontiac, etc) are likely to be cut but Chevy/GM will always remain in one form or another and thereby directly and indirectly employ a great many people. It's sad that it's come to this, but I think a clean break, or as clean as bankruptcy/sale can be, would be a better way to keep our economy afloat than to keep manufacturing money to give GM.
Anyway, GM will never disappear. Ownership will probably change hands, but a worldwide force in the auto industry isn't likely to completely dissolve. The offshoots (Saturn, Buick, Pontiac, etc) are likely to be cut but Chevy/GM will always remain in one form or another and thereby directly and indirectly employ a great many people. It's sad that it's come to this, but I think a clean break, or as clean as bankruptcy/sale can be, would be a better way to keep our economy afloat than to keep manufacturing money to give GM.
Where would we be without the agitators of the world attaching the electrodes of knowledge to the nipples of ignorance?