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.

High Unemployment rate

The unemployment rate for our area in North Carolina has reached 14%. That would include textile, fiber optic cable and the woodworking industry, amoung others. We also have some large producers of automotive parts. How is the new economic stymulas package going to address the needs of these industries? Most of the jobs for this group is being relocated overseas. What about all of the industries that service those. All of the small "mon and pop" operations that exist. What are we all suppose to do? I don't see where the government is trying to help us. We are not the banking, GM or Chrysler that is talked about in the news on a hourly basis, but we are very important to the economy of the United States. When is someone going to stand up for us?