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New Mexico Gets Bain'd: Romney Took $2.5M in Tax Dollars and 1,000 Jobs From New Mexicans in 2000s

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Achilles Tang7/19/2012 7:59:17 am PDT

re: #390 MPH

Detroit the city is essentially bankrupt already. But, I’m assuming you meant General Motors. Yes, it most definitely should have entered into a bankruptcy restructuring.

You really should pay attention to facts instead of spouting GOP crack.

Don’t you know that bankruptcy means restructuring, but while continuing to operate, and continuing to operate means having funds to operate?

There were no funds available from anyone at the time, except the government, because all the job creators didn’t like the risk, and that includes the banks.

GM would have been sold off for pennies on the dollar and plants shipped to China or elsewhere, as some smaller ones were, and thousands of small component suppliers would have gone out of business.

Your political philosophy, and economics, isn’t even grade school level.