GM...THE BEST COURSE

GM and Ford, the Big Two, as it were.
I will not speak here of Chrysler.
Or even of Ford.

But regarding GM.

It would appear that GM is facing a mortal situation…one that it perhaps cannot escape w/o help.

It further appears that help most likely will take the form of either a ‘bailout’ or a filing for bankruptcy.

It further appears that GM is beset with a number of unsustainable financial responsibilities to its workers, past and present.

It further appears (ifa) that a filing for bankruptcy would call for the renegotiation of such worker obligations that are unsustainable, that a bailout would perpetuate said obligations.

I wonder if it is being too simplistic to think that bankruptcy finling and renegotiation are the most sensible courses to take.

Perhaps the national dem hurry to affect a bailout is not so much to save the national economy as it is to save the financial status quo of an important national dem voter constituency.

How unfortunate that the economic crisis has occurred at such a time of national dem ascendancy, temporary though it may be.