That's exactly what the Chinese will do! Nixon did more than screw that up… he created the DEA which was formed with an insideous purpose. Plus taking us off the Gold Reserve… as stated earlier… thanks Dick!

Any the above piece does confirm one thing, alternative energy products including vehicles should be our focus. The other key point is… as GM is saved by China, oil consumption will increase which makes it profitable to own that commodity as well as gold.

Read the signs and position yourself appropriately with both short and long term profits.

Another point to why GM went bankrupt: Wasn't it largely related to their millions of dollars invested outside the U.S. like China? GM stretched itself too thin expanding globally. And GM kept blaming the unions for their demise. Ridiculous!

And now you tell me that GM China is a separate operation and not part of GM in the United States that went broke after receiving millions of dollars to get the China company going. And you telling the Chinese company employing Chinese workers going ship cheap cars to the U.S. at the expense of U.S. workers? By the way, where do the profits from the China GM go since it is a separate and stand alone entity? Do they come back to GM in the United States? And who owns GM China?

Another question is where is GM's core market? As a corporation owned mostly by the federal government and the union it falls naturally that the U.S. domestic market is the core market and it behooves GM to keep that in mind in setting policy, designing and building their vehicles and marketing their products.

I am currently a proud owner of a Buick. It is a well made car and I am a very satisfied owner. Before that, I was a proud owner of three Oldsmobiles and I was very satisfied. I don't want GM to disappear. It is a great brand and it makes good, quality cars.

The bankruptcy was a case of poor management. The corporation was not able to get its act together going globally like McDonalds, Yum Brands, the former Budweiser, etc..

I hope it get its act together this time after bankruptcy because I want to keep owning GM cars. As far as I am concerned, GM makes great cars! I also own a Ford F150 pick-up truck and a Ford Ranger. I think Ford makes the best pick-up trucks.

As you can see, I am partial to domestic cars and the old reliable brands. I do my little bit to keep American workers employed and keep our domestic auto industry healthy. The other countries do the same for their auto industries. Why can't we U.S. citizens do the same?

We are in a recession and to get out it's all about saving jobs and adding jobs here in the U.S. The Obama administration must look at GM from this angle and the immediate way to go is to stimulate demand from existing under utilized automobile manufacturing plants.