Obama Motors (GM) headed to 2nd bankruptcy

According to Forbes writer Louis Woodhill, GM is headed to bankruptcy again.  Between lagging sales of the Malibu ECO, $559 million in sponsorships for the Manchester United soccer team (in England), and the unwillingness of the UAW to accept concessions, among other dismal reports and decisions, General Motors may well be headed toward a 2nd bankruptcy despite Mr. Obama’s efforts to bail out the auto giant.  And amid this fiasco, Obama wants to take the same steps with other American manufacturing companies.

Uh, let’s leave the turn-around stuff to the turn-around pro’s.

Read more here

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