Wednesday, April 8, 2009

GM Bankruptcy

Well it looks like GM is going to go Chapter 11 bankruptcy. What is that going to do to the $13.4 billion that the government has given them? And are they still going to receive the 16.6 billion additional dollars they have asked for? They owe almost half of their debt to the union for their health benefit fund for retirees. So I guess some of our money went there. I am sure the Democratic controlled government will not complain about that. Given they received the biggest share of the unions vote. Is the government going to help pay for the small business employees health benefit package? Are they going to help the small business' pay off their debt? As a group, small business' is just as important in the overall picture as GM.

No comments:

Post a Comment