| Often you discuss with friends and family the issue of | | | | and overall competitive features. Then there are the |
| GM's bankrupsy being heatedly discussed around the | | | | chronic union labor and "legacy" costs, including |
| country. Whether we should let GM fail or have the | | | | pensions and benefits to current and former |
| government intervene with deep pocket support. It's | | | | employees. GM and the union have both made |
| very clear that not everyone can agree on the same | | | | debilitating decisions in the past that were attractive for |
| solution. This will have great impact on our economy, | | | | their constituants but caused damage to the |
| and there are many good points for each position in | | | | company's financial well being in the long-term, which |
| the debate. It seems that, for now, the president has | | | | has finally caught up to GM. This includes paying lower |
| taken the position that funding GM is politically | | | | salaries in exchange for larger, longer-term benefits. |
| expedient, as long as GM's president makes adequate | | | | And finally, there is the recent financial failure in the |
| changes to their business model with the funding. | | | | global economy, which slowed sales immediately and |
| What Did GM Do Wrong | | | | the credit crisis, which has hurt their ability to arrange |
| There are many issues behind why the GM | | | | loans for their customers. Evidence of the iminate |
| corporation is in the current financial mess. There is the | | | | death of GM can be seen by this once DOW 30 |
| long-term decline in their sales volume, due to obvious | | | | stock dropping to penny stock status. |
| reasons, including product quality, poor gas efficiency, | | | | |