8537
VIP Member
GM is only alive because TAXPAYERS are underwriting it.
I'm well aware of that. And because we underwrote it, hundreds of thousands of people have a job today.
And those people would have had jobs without the taxpayer's buying the union contracts. How many airlines have gone bankrupt and yet still fly?
They would have had jobs....at which McDonalds?
GM was not in the situation of most airlines. Airlines declary bankruptcy as part of a rebuilding strategy. GM had no private investors willing to underwrite their bankruptcy.