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Should Congress allow GM to file for bankruptcy?

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Results with 578 short comments
Total of 58,638 votes - click on the "Display Comments" bar below to sort comments

49.2%
Yes, it will make the company more competitive.
28,846 votes
43.7%
No, it could cost millions of jobs.
25,626 votes
7.1%
I don't believe GM is close to bankruptcy.
4,166 votes
Display Comments:
No, it could cost millions of jobs.

If we can bail out the crooked financial system, we can support our manufacturing base.

{"commentId":4127555,"threadId":"423435","contentId":"2129028","authorDomain":"wilsonjohnr-1"}
  • 11 votes
#1
 - JohnWinNC
 - 3:04 pm EST on Wed Nov 19, 2008
Yes, it will make the company more competitive.

I think GM will only change when it is forced to make drastic changes

{"commentId":4127667,"threadId":"423435","contentId":"2129028","authorDomain":"PastorJR"}
  • 9 votes
#2
 - PastorJR
 - 3:12 pm EST on Wed Nov 19, 2008
Yes, it will make the company more competitive.

Bailing out GM which is led by wasteful & corrupt management would not do anyone any good. Filing 4 chapt. 11 will bring in new management

{"commentId":4127689,"threadId":"423435","contentId":"2129028","authorDomain":"jcdimaggio"}
  • 9 votes
#3
 - Joseph D-685238
 - 3:13 pm EST on Wed Nov 19, 2008
Yes, it will make the company more competitive.

Let them file- nobody would bail me out if I wasn't competitive or if I failed in my busines

{"commentId":4127698,"threadId":"423435","contentId":"2129028","authorDomain":"tjohnson-3"}
  • 13 votes
#4
 - CoopCreditMgr
 - 3:14 pm EST on Wed Nov 19, 2008
No, it could cost millions of jobs.

If not for laid-off workers whose lives hang in the balance, I'd say, let GM go and all the free-marketers answer for the results

{"commentId":4127818,"threadId":"423435","contentId":"2129028","authorDomain":"thenest"}
  • 5 votes
#5
 - TheNest
 - 3:21 pm EST on Wed Nov 19, 2008
Yes, it will make the company more competitive.

I believe the bloat needs to go. Both in product line and management. So let them get sorted out in bankruptcy or perish therein.

{"commentId":4127833,"threadId":"423435","contentId":"2129028","authorDomain":"scottdavison"}
  • 10 votes
#6
 - Monzsta
 - 3:22 pm EST on Wed Nov 19, 2008
Yes, it will make the company more competitive.

Let the Fed Government provide the DIP for GM and remove the uncertainty of getting a DIP loan - BK is the ONLY way to go.

{"commentId":4127863,"threadId":"423435","contentId":"2129028","authorDomain":"houston314"}
  • 1 vote
#7
 - Obama fix this mess!
 - 3:24 pm EST on Wed Nov 19, 2008
Yes, it will make the company more competitive.

i think it should file for reorganization so that they can get some fresh ideas in the company, and it wont lose as many jobs

{"commentId":4127879,"threadId":"423435","contentId":"2129028","authorDomain":"nik54"}
  • 5 votes
#8
 - UNITY IS WHAT WE NEED
 - 3:25 pm EST on Wed Nov 19, 2008
No, it could cost millions of jobs.

very complex. only offer $$ if strictly controlled and management is OUT.

{"commentId":4127949,"threadId":"423435","contentId":"2129028","authorDomain":"droessler"}
  • 6 votes
#9
 - Dorfy
 - 3:28 pm EST on Wed Nov 19, 2008
No, it could cost millions of jobs.

I just don't think it is the answer. No one would buy a car from them then.

{"commentId":4127977,"threadId":"423435","contentId":"2129028","authorDomain":"sweetlucy47"}
  • 5 votes
#10
 - Annette-489633
 - 3:30 pm EST on Wed Nov 19, 2008
Yes, it will make the company more competitive.

Badly managed businesses fail all the time. Part of good management is to be able to steer a business through good and bad times.

{"commentId":4128045,"threadId":"423435","contentId":"2129028","authorDomain":"ctchu"}
  • 7 votes
#11
 - Non-Politico
 - 3:34 pm EST on Wed Nov 19, 2008
No, it could cost millions of jobs.

Again... the GOVT should be the blame for allowing our gas prices to go through the roof... that has caused all this

{"commentId":4128095,"threadId":"423435","contentId":"2129028","authorDomain":"whitley99"}
  • 9 votes
#12
 - David-315566
 - 3:37 pm EST on Wed Nov 19, 2008
No, it could cost millions of jobs.

Ducking labor contracts just means the middle class takes the hit - again.

{"commentId":4128180,"threadId":"423435","contentId":"2129028","authorDomain":"ujwinchell"}
  • 7 votes
#13
 - Ursula-279622
 - 3:42 pm EST on Wed Nov 19, 2008
Yes, it will make the company more competitive.

Everything happens for a reason. Let it happen, Dont fight it.

{"commentId":4128240,"threadId":"423435","contentId":"2129028","authorDomain":"babyblueeyesschmuhl"}
  • 8 votes
#14
 - Tonys70
 - 3:45 pm EST on Wed Nov 19, 2008
Yes, it will make the company more competitive.

Have Union voluntary take a 15% pay cut, for three years to restructure & retool. 20% pay cut for Management for 3 years and no bonuses.

{"commentId":4128305,"threadId":"423435","contentId":"2129028","authorDomain":"nummeradd"}
    #15
     - Nummer
     - 3:49 pm EST on Wed Nov 19, 2008
    No, it could cost millions of jobs.

    Shelby is protecting foreign car manufacters that have lots of plants in Alabama. Every state has nuerous American car dealerships .

    {"commentId":4128379,"threadId":"423435","contentId":"2129028","authorDomain":"coolmamak"}
    • 5 votes
    #16
     - kate-735051
     - 3:53 pm EST on Wed Nov 19, 2008
    No, it could cost millions of jobs.

    If GM files for bankruptcy a million retirees will be screwed out of their health and retirement benefits, not to mention current jobs lost

    {"commentId":4128391,"threadId":"423435","contentId":"2129028","authorDomain":"elarsen"}
    • 9 votes
    #17
     - Eric, Salinas, CA
     - 3:54 pm EST on Wed Nov 19, 2008
    No, it could cost millions of jobs.

    Congress should try to save the jobs and they should not take the union benefits that the employees receive.

    {"commentId":4128438,"threadId":"423435","contentId":"2129028","authorDomain":"smccray1"}
    • 5 votes
    #18
     - SMCCRAY-473525
     - 3:57 pm EST on Wed Nov 19, 2008
    Yes, it will make the company more competitive.

    GM should be broken into 3 units, focus on making cars that last, and that customers want to buy. Anything else, is delaying the inevitable

    {"commentId":4128451,"threadId":"423435","contentId":"2129028","authorDomain":"michael-pompey"}
    • 3 votes
    #19
     - Mbwun
     - 3:58 pm EST on Wed Nov 19, 2008
    Yes, it will make the company more competitive.

    Free market, let it work. Only way to get GM to be serious about its problems.

    {"commentId":4128459,"threadId":"423435","contentId":"2129028","authorDomain":"thomas-nelson"}
    • 5 votes
    #20
     - Patriot Tom
     - 3:59 pm EST on Wed Nov 19, 2008
    Yes, it will make the company more competitive.

    Chapter 11: close the door today, reopen tomorrow. Only greener.

    {"commentId":4128535,"threadId":"423435","contentId":"2129028","authorDomain":"solo-dad"}
    • 8 votes
    #21
     - Solo-Dad
     - 4:04 pm EST on Wed Nov 19, 2008
    Yes, it will make the company more competitive.

    Could the gov't give me a bridge loan, as well? Running short on cash!!!

    {"commentId":4128639,"threadId":"423435","contentId":"2129028","authorDomain":"burgesswalker"}
    • 8 votes
    #22
     - Lynda Walker
     - 4:11 pm EST on Wed Nov 19, 2008
    Yes, it will make the company more competitive.

    Buy American! YOUR Job Depends on it!

    {"commentId":4128691,"threadId":"423435","contentId":"2129028","authorDomain":"dan-melander"}
    • 4 votes
    #23
     - Dano-735096
     - 4:14 pm EST on Wed Nov 19, 2008
    No, it could cost millions of jobs.

    If polling is correct that people won't buy a car from a bankrupt company, then there has to be some way to keep from officially doing that

    {"commentId":4128783,"threadId":"423435","contentId":"2129028","authorDomain":"samstein638"}
    • 2 votes
    #24
     - S.B. Stein
     - 4:19 pm EST on Wed Nov 19, 2008
    I don't believe GM is close to bankruptcy.

    How can they look anyone in the eye and say that they are bankrupt when your CEOs fly on private jets to complain about how poor they are.

    {"commentId":4128805,"threadId":"423435","contentId":"2129028","authorDomain":"donor60"}
    • 6 votes
    #25
     - Navy Vet-546333
     - 4:21 pm EST on Wed Nov 19, 2008