[quote=kev374]why are they giving them more time to come up with “new” plans? This is just an eyewash to appease the public by the crooked Obama administration. These auto companies have been coming up with new plans since last March and in the interim while they PLAN the government is going to give them billions in operating capital!!

Just let them fail already and be done with it.[/quote]

Well, to be fair, if GM can restructure in a decent way, it probably would be good for the economy and for this nation as a whole.

Although I’m not a big fan of GM, not all their lineup is crap. And for national security, it would be beneficial for this country to still have a decent manufacturing capacity if the need to arise to retool factories for war (aside from taking over the Honda/Toyota factories in the U.S.)

But it looks like Chrysler is definitely finished. Perhaps now UAW, GM management can get their act together.

But, part of me is sort of happy. Because Obama isn’t as socialist as I thought he would be…Seems like he’s a fair weather fan, playing to the mood for the american people. Not saying it’s wrong, it’s just interesting.