GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors financing incentives, as part of the complex deal that gave the troubled lender billions in federal aid. ...more

January 3, 2009

$30 billion GMAC's goal for capital, the majority of which would come from the exchange of debt ...more

December 28, 2008

Everyone has an opinion why the big three automakers are almost bankrupt. To those who think factory workers are overpaid and take the corporate CEO side, you are way off base and wrong. Working class people in factories and other grunt jobs have always been the backbone of this country. Those jobs in the factory were not isolated or held for a chosen few. The only requirement was a high school education, which was often waived, and to pass a physical. ...more

December 18, 2008

In response to Mr. Parks letter, who responded to Mr. McAllister concerning wages at GM. What I don't know is: Who Mr. Parks is, what he does for a living and what he is paid for his contribution to society? What I do know is, after reading his tirade, he is paid a whole lot more than he deserves. ...more

December 14, 2008

I come from a long line of GM people and I am a little weary of reading and hearing on television about GM's Chrysler's and Ford's workers being paid $75 an hour. Where are these people getting this? Even if you factor in benefits, it isn't anywhere near that amount. ...more

December 13, 2008

Reality, Not Fantasy America would be a better nation if it cared more about the "players" who run for office instead of the players running with footballs! ...more

December 13, 2008

General Motors Corp. said Friday that it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production as it tries to adjust to dramatically weaker automobile demand. ...more

December 13, 2008

Just about everyone is conflicted on all the bailouts going on these days. Rescuing banks and automakers are sold to the public by telling us about the apocalyptic destruction that doing nothing would spark. So Americans are going deeper in debt, with no end in sight. It's a sickening feeling. ...more

December 12, 2008

Today, Detroit automakers take a second run at Congress to persuade lawmakers to give them $25 billion in federal aid, but their agendas are diverging as they contemplate futures as drastically different car companies. ...more

December 2, 2008

We all know that the federal budget deficit is huge and will continue to grow as long as Congress continues to bail out one company after another. So here's a budget item that Congress can freeze immediately if they choose to do so: Both the U.S. House and Senate should vote to forego pay increases for themselves and their staffs until the budget is balanced. ...more

November 28, 2008