Cars

Bankrupt GM Begins Slashing Jobs

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Hello this is Mike Fritz from the American News Project. We have a new story out that focuses on those most affected by the bailout of General Motors: laid off autoworkers.

It examines one of the central tensions in the public takeover of the company: Should federal dollars be spent building a lean, mean business model that will please Wall Street and increase value for shareholders (i.e. American taxpayers)? Or, should there be some built-in conditions designed to set aside as many manufacturing jobs as possible for certain people (i.e. American taxpayers)?

Now that we all own 60% of the company, it may be a story you find worth the watch: