The Car Industry Especially GM And Hummer
General motors is now in bankruptcy. This may be bad for the country and the company itself. They have already sold their Hummer division to China. We seem to be sellling many things to China.
President Obama says he will not be that involved in GM, but he may have to be more involved than he thinks unfortunately.
There are multiple problems with GM's bankruptcy. One of them will be how many people will really be affected by GM. It will be more than they are saying that is for sure, unfortunately.
This will affect people who were not even involved at all in causing GM's problems.
It will affect banks, parts suppliers, etc.
Other parts of GM will also be sold off to the highest bidders who may be lots of foreign buyers.
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