Remember last Fall when we just had to bail out General Motors, when Chapter 11 bankruptcy was absolutely unthinkable because no one would buy a car from a bankrupt auto manufacturer, there’d be a “domino effect” of bankruptcies among suppliers, dealerships and other businesses that depend on GM’s spending, and the nation’s economy would lose [...]
Filed under: Blog Entry | Tagged: Auto Bailout, Bankruptcy, Barack Obama, Barney Frank, Chapter 11 Bankruptcy, Detroit, Economy, General Motors, Nancy Pelosi, UAW, United Auto Workers | 1 Comment »