Chp. 11 for GM

Well GM is most likely filling for bankruptcy and some believe the nation as we know it will grind to a halt. The U.S. wont but GM might. With this restructuring/prepackaged bankruptcy who knows what will happen to all the GM assets and how the knew company will be managed. The titans from Detroit are no longer a large part of the U.S. GDP so let them die right?

Well we make nearly nothing in the U.S. now and it will be sad if GM shuts its doors for good and liquidates because we would loose even more production capability. Investment in manufacturing helps a nation become competitive in an international world. Korea, Japan, Taiwan, China all are making huge investments in manufacturing and also lead the markets in innovation for cars, cameras, computers, consumer electronics, appliances, etc. "What do we gain by helping GM stay open?" The question we should ask is, "What do we loose by letting them close?"

Recent GM news: http://www.cnbc.com//id/30998143