Friday, March 06, 2009

End of the road for General Motors?

GM is near bankrupt - stock lowest point in 75 years. Today its new low was like one set back in May 4, 1933 during the depth of the Great Depression. Things have certainly changed since 2004, the wolf truly is at the door.

Well, even though GM is not bankrupt yet, the decline in the automobile giant is having an effect, unemployment rates in midwest are up.




Ohio8.8%
Indiana9.2%
Michigan11%

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