Business - General Motors Bankruptcy
If General Motors were to file bankruptcy, it could change the world
or would it? Yes a GM bankruptcy filing would change the world. Right
now with all the over regulation it is amazing that any company can make
money these days. I guarantee such a move would change the world. It
would definitely wake up the Unions and the governments over regulation
on our economic engine. In fact sometimes it seems we do everything to
hold down our economy from screaming forward.
With all the over regulations in this country to start, grow and run
a successful small business, medium size corporation or a multi-national
conglomerate based in the US. Why do we attack and use regulations to
slow down our economic might? Because folks it is the way it is
deliberately set up. You see at every level we have placed rules and
bureaucracy to slow ourselves.
The largest corporations in the World are constantly being bombarded
by rules and regulations put in place by regulators and politicians. So
they are forced to move the operations out of the country to reduce
costs, raise prices and pay off all the politicians you can find, no
matter what side, fund them, as you will need them just to do business
in this nation.
It is interesting the talk now after the 3rd quarter loss at General
Motors and how they may sell off GMAC. Right now with the housing boom
getting ready to pull back and some over extended upside down
foreclosures due to job losses in the downturn of the business cycle,
that might not be a bad idea actually. It seems GMAC is going to have
its own issues.
The Delphi Bankruptcy deal is a problem indeed, I too worry about the
under funded pension costs and these out of control health care costs,
as for a company like GM these are problematic issues to say the least.
It is good that the Union has been cutting a little slack at GM these
days. Ford is next and lay offs there will be big indeed.
Indeed a bankruptcy at GM would change the world, but why do we need
such a strong signal as a wake up call when it is obvious that we need
to fix the problems that are right their in front of us. We all should
be thinking here, as all of this effects us one way or another and China
is not getting any smaller so we better get on the stick and take care
of business in real time. Think on this.
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