by John Wojcik
President Barack Obama said March 30 that the government will withhold additional long-term federal loans for General Moters and Chrysler unless the company, its creditors and the unions make more concessions. He also raised the possibility of "controlled bankruptcy" for one or both of the companies.
Read the rest of the story at the People's Weekly World Website.
DISCUSSION QUESTIONS:
1. What action do you think the government should take in regards to the auto industry? Should they let them fail? Nationalize? Give them billions in more bailouts with commitments for viability?
2. Should the UAW make any more concessions? If so, what do you think they should be? If not, how can the union work to help make the company viable?
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