A largely useless website. The problem isn't trying to convince everyone that GM is important -- it's trying to convince everyone that GM deserves to ride on top of our corpses when we're all going down anyways.
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and that is a very ignorant argument. GM the company that helped provide us with military vehicles for WWII. The company that has been with the U.S. since the turn of the century. GM, Ford and Chrysler will all be out and shut down with in 1 year GM as early as January if they don't get the 25 Billion to help them out till 2010. GM has the only scheduled arrival of electric vehicles within 1 year. think about that alone people will be driving electric cars. 700 billion is going to bail out companies that ripped people off and gave out loans knowingly that the people couldn't afford them. One of the biggest reasons we are where we are today. Yea lets go ahead and bail them out. I say lets some of them fall face first they helped screw people over and helped screw our economy. God forbid we use 25 to help out our American Corporations whether you like them or not they account for nearly 4 million jobs in the U.S..
The part that makes your comment the ignorant the most is they are not asking for 25 billion. They unlike many other companies of the bail out, are asking for a 25 billion loan.
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I'm going on the premise that bailouts of any kind (for the banks, auto industry, or otherwise) are like bubble gum patches on a submarine. If having the government prop up GM is all it takes to see them through the crisis, then by all means I'll admit I was wrong and we'll all get together and tell stories about how scary the recession of 2008 was. Of course they are a fundamental part of the American economy. I'm just not very optimistic about the outcome, stopgap measure or no. GM has bigger problems than needing a "leg-up" out of this particular hole.
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