Allen Fant wrote:

Mark-

 

let us hope GM does not go under. I enjoy the GMC Truck brand too much.

Allen,

I have owned a 2001 Chevy Silverado P/U, and a 1990 S-10 P/U. I can't say they were the best trucks I have ever owned but, the Silverado did have a nice smooth ride to it. Although the engines were solid, it seems the interior falls apart way too quickly.

 I have to agree with Lamont on this one, I cannot bring myself to own another GM product again due to their taxpayer bailout. And I can guarantee you that they will need another bailout in the next 5 years. The C.A.F.E. standards Obama has placed on them will most assuredly be the death knell for them.

I did enjoy my 1979 Z-28 when I was in high school.

Lamont Sanford wrote:

Why should GM be any different.

http://en.wikipedia.org/wiki/List_of_defunct_automobile_manufacturers_of_the_United_States

Now GM wants the government to get out of of their business.  GM claims it is hurting their image.  Too late.  GM took the money and made a deal with the devil.  Let them go under.  I don't give a shit.

Man! I had no clue that there were so many automobile companies that went belly-up in the past Thanks for the link.

Rather than Obama throwing taxpayer money to GM, The bankruptsy process would have been the saving grace for GM. The bankruptsy law would have allowed GM to restructure, re-negotiate contracts, and they would have become stronger than ever before. Just like the Airline industry did in the 80's. but that would be the free-market approach which Obama despises.

Truth is, Obama doesn't give a damn about any business, industry, or corporation. His record setting regulations prove that. His EPA has become a monstrocity full of bureaucrats with police powers that would rival the ex-Soviet Union. Just ask the coal industry, fisheries, oil industry, or the hydroelectric power industry.

The UAW NOW owns 17.5% of GM.

Check this out from the Wall Street Journal:

http://online.wsj.com/article/SB10001424052702303768104577462650268680454.html

Now, I would challenge anyone on the forum to deny that the bailout was to "save the auto industry." This was a payback to the Unions, plain and simple.

I too, will never buy another GM product.

Think about this: What if Obama would have been president when the automobile was invented and steadily began replacing the horse and buggy. Obama would have tried to 'bailout' the faltering horse and buggy, and who knows, we all still may be traveling by horse and buggy today because they would have been "too big to fail.".