GM (Government Motors) can’t make enough money to cover employee pay- what this means is every UAW worker is now on welfare. Taxpayer money is being used to make their payroll/welfare check. Welfare recipients now making $27 an hour plus benefits. The administration and congress are too entwined in the details of management of GM. This will lead to bigger losses and eventually total failure of GM. The longer we delay bankruptcy for GM the harder its going to be to successfully restructure them.
0
