GM Plan Clears!

A bankruptcy judge has cleared the way for General Motors Corp. to sell it’s self. And guess who’s buying all assets, we are, the American people as well as Canada. Canada will be purchasing about 12 percent, but the American government will be taking on well over 50 percent. I really have no idea if this is a good move or not, but it does save a lot of jobs in the end. I’m sure the jobs being saved won’t pay anywhere’s near what they where in the past. But then again that’s the reason why GM and Chrysler failed. Workers where being paid a ton of money for little work. But I’m not going to go into all that at this point. All that’s in the past, we must move forward and get people back to work at the right pay. Hopefully the sale will go forward without a problem. And I sure hope the U.S government will stay out of the running of GM as promised.

This entry was posted on Monday, July 6th, 2009 at 8:53 am and is filed under Autos, Business, Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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