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Business  (tags: Auto Bailout, Auto Industry, General Motors, General Motors Bankruptcy, Gm, Business News )

- 3507 days ago -
General Motors and Chrysler LLC face a Tuesday deadline to file restructuring plans to the government in exchange for receiving $17.4 billion in federal loans.


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Blue B (855)
Saturday February 14, 2009, 6:27 pm
Imagine the audacity of a giant corporation like GM trying to blackmail American taxpayers into giving up their jobs to foreign workers in Brazil.

Yes, GM is gonna take our money and "invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market." Screw the autoworkers and the union members. Every single person who made this possible should be put in the stocks and left to the judgment of the American people. In February, in Detroit.

Laura H (964)
Saturday February 14, 2009, 6:58 pm
OMG I wish my Dad (who worked for GM for almost 30 years and died in Jan.2002) was here~HE would have SOMETHING to say about THIS!!!!!!!!!!!! And it would NOT be nice!!!

Blue B (855)
Saturday February 14, 2009, 8:50 pm
Laura, my diving buddy's dad and brothers are all "lifetime" GM employees ... now retired ... but they aren't happy ... they're afraid their pensions will get looted, as in WHAT HAPPENED TO ENRON's employees.

Kit B (276)
Sunday February 15, 2009, 3:40 am
Auto sales have fallen for all car companies, GM and Chrysler are poorly managed and need new blood. If the government is to bail out corporations then they have a duty to see that money is used properly. That is what is happening in Japan and other countries that are underwriting their car companies.

Blue B (855)
Sunday February 15, 2009, 10:33 pm
Kit, I think that any corporation, bank, financial institution or media center that is BAILED OUT has to have all the top management changed; why would anyone consider that the "operations" would be changed in any way without a TOP DOG DOWN shake-up?

Sheila G (267)
Monday February 16, 2009, 3:44 am
if they gave that bailout money to the people in this country, we could all have bought that badly needed new car, and much more, which would have greatly stimulated this economy. I am outraged that they would even consider using foreign staff! The big bucks in this country don't care about the people here, they can go live anywhere they please, we are stuck here in our poverty, and that poverty is increasing at a frightening rate.
ty Blue, noted with disgust

Blue B (855)
Wednesday February 18, 2009, 1:23 am

White House Launches Recovery.Gov to Track Stimulus Spending
After weeks of touting the Web site initiative, the White House went live today with, which lets the public track how the $787 billion economic stimulus package is being spent. ..
“ is a website that lets you, the taxpayer, figure out
where the money from the American Recovery and Reinvestment Act is
going,” the site states. “The money is being distributed by Federal
agencies, and soon you’ll be able to see where it’s going — to which
states, to which congressional districts, even to which Federal
contractors. As soon as we are able to, we’ll display that information
visually in maps, charts, and graphics.”

For a Wall Street Journal break-down of how the economic stimulus adds up, check out this info-graphic.
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