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GM Declares Bankruptcy
Good morning comrades fellow shareholders! Under the proposed restructuring, about 60 percent of the new GM would be owned by the United States, about 12 percent by the governments of Canada and Ontario, a union health trust would own 17.5...
For G.M., a Step Toward Bankruptcy and a New Start
For G.M., a Step Toward Bankruptcy and a New Start
nytimes.com — The headquarters of General Motors in Detroit in December.... (more) For G.M., a Step Toward Bankruptcy and a New Start
G.M. Files for Bankruptcy
G.M. Files for Bankruptcy
nytimes.com — President Obama, with auto representatives and cabinet members behind him at the White House, speaking about the... bankruptcy plan for General Motors. (more) G.M. Files for Bankruptcy
Busy Not Running GM
online.wsj.com — President Obama announced the bankruptcy of General Motors yesterday before GM's CEO even spoke, and the feds... will soon own 60% of the company. But whatever you do, please don't think the government is now running GM. "What we are not doing -- what I ... (more) Busy Not Running GM
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Say No To Socialist Cars
Nice Deb — ... $50 billion federal tax dollars plowed into the new entity past and present, and not even with the UAW’s “concessions.” … Buy Ford. Buy Toyota.  Buy anything that isn’t owned and operated by the federal government.  There are plenty of great cars out there.  You don’t have to buy one that costs not just your cash, but also your commitment to free enterprise and all the benefits that flow from it. The US Government needs to get out of the car business. Drew at AoSHQ: I wanted to make a joke about Obama’s plan for ...

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