GRITtv: The F Word: Profits, Pensions, and the Return of GM

64 views · Published 18 November 2010 · 1:27 · Indexed 20 September 2026

Channel: Laura Flanders & Friends · 2010 · News & Politics

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Today marked the return of automaker GM to public trading on the stock market. All hail the American automakers, returning to profitability in a little over a year after bankruptcy proceedings and billions of government dollars in bailouts, right?

Not so fast. Though the stock prices are expected to be high and papers have called it "historic," let's not forget that bailout dollars and profits for shareholders come on the backs of union worker concessions, buyouts, and layoffs.  And that's still not enough for some.  Distributed by Tubemogul.

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