http://www.easternecho.com It has been a little more than a year since General Motors emerged from bankruptcy and the $1.3 billion in second-quarter profits the automaker recently recorded has elicited jubilation from the mainstream media of the “return of Detroit.” With GM preparing its Initial Public Offering (IPO) of stock this fall, it is worth reflecting on what has occurred. The past year has shown that the forced bankruptcy of GM at the hands of the Obama Administration marked only the opening shots in a new offensive against the living standards of American workers. en-us Gryphon 2.3.1-dsw (pewabic)/Foundry5 Sat, 04 Sep 2010 10:53:29 -0400 webmaster@easternecho.com http://www.easternecho.com/index.php/comment/view/980 GM was already bankrupt before government involvement. It would have been much worst for the country and employees if GM would have been allowed to go under. When the spin off jobs for GM and Chrysler are considered, the jobs lost would have been in the 100 of thousands more, unemployment would be much higher for the entire nation. Your twist of the facts are mind boggling! Sat, 04 Sep 2010 10:53:29 -0400 http://www.easternecho.com/index.php/comment/view/980