The White House has rejected the the restructuring plans for both GM and Mopar and GM CEO Wagoner was asked to resign:

White House Questions Viability of GM & Chrysler

Good luck to those here with Camaro orders. You might want to reconsider and grab a Challenger while they are still available.

Obama (or gov`t) should stay out of GM (private corporation) `s business...

2 points:

1) Everyone should review FDR's moves during the Great Depression. There was a heck of a lot of Gov participation in private business that did not "ruin" us. How about one of his 1st moves: the "bank holiday" - telling banks how they can operate?

2) If T. Boone Pickens were to loan GM the funds - he would probably be making similar hard demands.

Businesses should be allowed to grow, restructure or fail without government intervention or bail-outs.

For the most part I agree with not bailing businesses out. The real concern I have with the US auto industry going under is military related. They have been used to produce some military vehicles and it's a scary thought not having a US company to provide for the military.

I think if the Big Three go under, there will be alot of people that will not be paid. And I am not talking about workers. There is nothing worse than not being paid when you have alot riding on it. How many small companies will they put out of business?

My company is already victim to non-payment from a couple of larger car dealerships in the area. One was sued by both GM and Chrysler for non-payment for parts. So our 40k owed is behind 2 mil due GM, and 3 mil owed Chrysler.

I would have been happy to be paid with cars or parts, but it's likely I will never see a dime of what is owed.

In our Country, it is simply too easy do declare chapter 11 and walk away, even though it is devastating to small businesses owed money down the food chain.

I pay my bills, why don't big companies?

The problem is probably that they asked the gov'ment to get involved, when they asked for (financial) help. That's when it all went pear shaped...

Depressing times indeed..

Again, it's all about unions. They help the big boys spend billions in court fees, pensions and bloated salaries.

My dad used to work as a industrial designer in the 80's for GM (non-union)designing interiors. When they had to do lay-offs, he got dropped in the first go-round after 10 years because they couldn't touch the union guys making twice what he was for doing very little on the line. Pension, no way. Nice that the guys who spend 4 years in college and a crapload of money to become skilled valuable employees are easier to dump than the guys who drop out of high school and have their dads get them jobs. [censored].

Maybe they want us to buy "OMC" stock.