Effects of the GM bankruptcy

Layoff, another layoff, still more layoff. Shedding most US workers, dumping its US suppliers, throwing off its pension responsibility, and of course forcing the retained union workers to take wage and benefit cuts. Now what do you think will happen to the US economy as a direct result? What are the odds GM will recover? How long will GM’s recovery take?

BusinessWeek – What If GM Did Go Bankrupt…