I'm torn on this one. Like you,I live in Michigan so I know how important GM is. BUT,before my Dad passed away,he said there'll be a day when GM doesn't exist.I'm just afraid bailing them out is throwing money down a rat hole. They have so many contractual obligations to retired employees,they can never recover enough to meet them. We lost the worlds largest refrigerator factory and a fair sized auto parts supplier just 9 miles from here 4 or 5 years ago. Unemployment here in the county has been as high as 15%,is around 12 now. The effects are still trickling down. Retail businesses are still closing. They can't hang on anymore. My best friend just had to close his Pennzoil instant oil change. Even Wal-Mart has only about 2 checkout lanes open at any given time. You could land an airliner in the parking lot.
My son in law works for a Japanese owned parts supplier in Battle Creek. They're going strong. They build mostly for Honda and Toyota,but some domestic. Those Japanese companies that have built plants here don't have those old union obligations hanging over their heads. So...It's gonna be Montcalm County all over the state and country if they fold,but I'm afraid bailing them out is just prolonging the inevitable.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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