GM Finally Preparing for Bankruptcy

When a company is being so poorly run that it is loosing tens of billions of dollars, bankruptcy is really pretty much the only option. Hopefully if they do declare bankruptcy (not certain yet) they can use this to get the UAW to quit raping them and have realistic employee compensation that actually allows them to make a profit. Of course, the government will probably just wind up bailing them out again, despite the fact that the goverment has no constitutional right to use tax revenue... er, make that money they borrowed from China... to prop up a failed business model (or any other business).

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