Losers in GM Bankruptcy were the many bond holders as well as stock analyst that recommended the former blue chip car company. The workers will have to take pay cuts and reductions in benefits, but many will keep their jobs - for now.
However, as our economic crisis worsens, many workers at the giant automaker will be laid off. GM maker of the iconic Hummer was caught by a decrease in demand as well as a terrible financial hurricane that crushed confidence.
From the show room floor to the assembly line the discontent echoes as people slowly become aware of how we lost our industrial capacity. US car sales are near the lowest level in 25 years and falling as we speak, but things could get really bad if we lose our manufacturing base. The future of america is on the line.
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