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GM Bailout/ Chapter 11
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<blockquote data-quote="wkmac" data-source="post: 541776" data-attributes="member: 2189"><p>BTW Jimmy, Ralph Nader has some interesting comments <a href="http://www.counterpunch.org/nader05282009.html" target="_blank"><span style="color: red">here </span></a>which you might find of interest.</p><p></p><p>No way of proving at this time that GM is planning to ship itself to China but one thing that saved Buick from the axe that befell Olds and Pontiac is that Buicks are selling strong in China. With gov't owning a majority stake in what was GM along with another 12% owned by the Canadian gov't, it won't be to hard for what's left of the private GM to dump itself off and then flee American shores.</p><p></p><p>Also President Obama can use his new power as carmake owner to develop a new line of cars that reflect his policy. The question is, does he do so and then let those cars compete head to head with the other makes or does he use public policy to monopolize the American market and thus force out the remaining non-gov't car makes, ie Ford and the foreign jobs?</p><p></p><p>Be interesting to watch and the question may come up about making Americans buy these cars an then it gets real interesting!</p><p></p><p>I also wonder what will become of the iconic Corvette?</p></blockquote><p></p>
[QUOTE="wkmac, post: 541776, member: 2189"] BTW Jimmy, Ralph Nader has some interesting comments [URL='http://www.counterpunch.org/nader05282009.html'][COLOR=red]here [/COLOR][/URL]which you might find of interest. No way of proving at this time that GM is planning to ship itself to China but one thing that saved Buick from the axe that befell Olds and Pontiac is that Buicks are selling strong in China. With gov't owning a majority stake in what was GM along with another 12% owned by the Canadian gov't, it won't be to hard for what's left of the private GM to dump itself off and then flee American shores. Also President Obama can use his new power as carmake owner to develop a new line of cars that reflect his policy. The question is, does he do so and then let those cars compete head to head with the other makes or does he use public policy to monopolize the American market and thus force out the remaining non-gov't car makes, ie Ford and the foreign jobs? Be interesting to watch and the question may come up about making Americans buy these cars an then it gets real interesting! I also wonder what will become of the iconic Corvette? [/QUOTE]
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