h/t CBN News;
General Motors’ plan for bankruptcy includes selling part of the company to the government.
Reuters reports GM wants to sell its healthy assets to another company owned by the government.
The remaining assets would stay in bankruptcy protection.
GM is about $6 billion in debt and the government is giving the company untill June 1 to restructure.
Part of that deadline is reaching a deal with unions but GM says it doesn’t expect to be able to do that before May 26.
Welcome to the home of barstool politics!
Michigan Redneck is a former Republican Loyalist, who is now a Libertarian minded chick. She loves the USA and will do all she can to keep this republic a republic. She loves Rockabilly music, clothes, decor and Pabst Blue Ribbon Beer, but is not a hipster. She grew up in the Flint, Michigan area and is currently living in the Upper Peninsula. She is a blue collar worker who is eligible for many gubmint handouts who refuses to sign up for these programs. She pays her bills according to which utility threatens to shut her off first. She struggles was raised that to get what she wants and needs, work for it.
Her political views lean towards Fiscal Conservative. Believes the gubmint needs to get out of the way and let the free market work. Believes both of the two main political parties need to get out of the business of social issues. In this blog I will alert readers of what is going on around them in my outside the box way. I WILL call out hypocrites, from all sides of the aisle.
 | Orange County Limous… on Elvis Presley Long Black … |
 | alexhiggins732 on Beginning of the End of the Tw… |
 | michiganredneck on Does Kwame Kilpatrick and Othe… |
 | Jackie Reed on Does Kwame Kilpatrick and Othe… |
 | Corey Meyer on North & South Book 2 … |
What da F are the CEO’s thinking ?, why don’t they bring the jobs back home, put the American people back to work so they can buy your cars instead of shipping the job over seas so you can fatten up your pockets with cheap labor and expect us to buy your product without a JOB ???, that’s pretty anal thinking. I know people that would like to buy a new car, but just can’t afford it with a minimum wage job.., common do the math !. I have a son and a daughter, they want to buy a new car, it’s out of the question for them with thier ten dollar an hour job and the other with an unemployment check.
It was all in Obama’s plan to oust the previous CEO and put in his own crony. Sad really.