Thread regarding General Motors layoffs

I thought "Chicken of the Sea" was going to buy GM.

"The US gov will “ask” Alphabet to acquire/partner with GM"
I seriously hope the person writing this isn't a business analyst.
Never go full ret-rd.

The US gov will “ask” Alphabet to acquire/partner with GM if they don’t buy them on their own accord. Consider GM’s announced abandonment of Apple CarPlay and heightened partnership with Google. Like Fiat taking on Chrysler - who should have just gone through a traditional restructuring.

Don't purchase anything, do as your employer is doing. They are asking for it.

25% of the entire national debt was run up between January 20, 2017 and January 20, 2021.

Don't disagree about the lack of moral compass.

They shouldn't have done TARP or covered deposits above the FDIC limit.

They should let the free market work the way it's supposed to work instead of bailing out people who messed up.

People who mess up badly enough should take the loss and go out of business.

It creates what's called a moral hazard, which means people never face the consequences of their actions.

They get to privatize profits when things go well, and socialize the losses when they don't. All us taxpayers pay the bill for them.

In 2008, "Congress authorized the Troubled Asset Relief Program, or TARP. Some $426 billion in taxpayer money would soon be lent or directly invested in major banks and corporations to try to stabilize the financial system and prevent even more job losses. About 20 percent of the total TARP funds — $80 billion — went to bail out General Motors and Chrysler."

Are you going to say with a straight face that banks won't need another bailout? The GM/Chrysler loans were part of the TARP bailout for banks. Account holders in Silicone Valley Bank were already funded 100% by the government, including funds that far exceeded FDIC guarantees. So far, 3 big banks have gone belly up and more will follow. Our government runs deficits in the trillions of dollars; there's no moral compass. In the event that some major banks begin to default in the coming months, don't be surprised if TARP2 doesn't get approved to bail out both banks and some political favorites...corporations that donate to PACs. Companies like GM.

A GM fiasco is inevitable for reasons that are quite obvious to everyone reading this. This is why Gm is getting so aggressive with cuts. If you feel safe, you are a fool.

How do you think a loan to GM will pass the House and Senate, then get signed by the President?

They're better off asking Harlan Crow.

Give it a few days and GM will clear their job postings just as they did in 2018.

By the end of this year Marry will go ask congress for a loan. She just needs to get through the UAW contract first.