Quote:
Originally Posted by SomeCreep
General Motors' business has been declining for 30 years. They're not profitable. They've got 3 months of cash reserves, before they need to file for bankruptcy. If GM goes bankrupt, the economy will plunge near depression. Over 1,000,000 jobs will be lost. GM needs $25 billion dollars from the government to sustain themselves.
So now the government is asking, "Is GM's business truly viable? Or will a cash loan only prolong the inevitable?"
Not even soap operas get this good.
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I agree.
Why save a failure in the first place? The GM death is inevitable.
I do not think its much of a worry, other companies will come in and form and make better cars. THe underlying industry of GM will evolve as they will be forced to which will re-create itself.