Creditors Intend to Gut General Motors
GM plans to announce sweeping job cuts and plant closures.
"GM's previously announced plan, to slash up to 25,000 jobs over three years, is likely to accelerate in talks with the United Auto Workers, analysts say, so GM can shutter plants before GM's national union contract expires in 2007."
This is CATASTROPHIC! Tens of thousands of people will be thrown into despair!
There is no time to waste.
Eliminating interest must be the first thing on everyone's lips before the new year dawns.
Remember the guy at the Tribune? "[t]he main costs for newspapers are paper and people."
Well, the guy at GM would say "the main costs for GM are factories and people."
You think I hallucinate?
Then how come "debt markets [are] worried about GM's future?"
"There is absolutely no plan, strategy or intention for GM to file for bankruptcy," Rick Wagoner, Chairman of GM.
"I did not have sexual relations with that woman." Bill Clinton, President of the United States.
Folks, it's either US or INTEREST!