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.

Ohio	8.8%
Indiana	9.2%
Michigan	11%

GM bankruptcy or bailout?

It seems that some say a GM bankruptcy is better than bailout. Unlike the Chrysler bailout of 1979, this time things are different, because GMAC is similar to a bank. In fact, we could say that part of the 750 billion in the bank bailout should be used to shore up GMAC and preserve the network of suppliers that feed the giant automaker.

OK, so in other news, Short Circuit City cannot get Sony products, in fact, the truck were stopped midshipment and told to make a U-turn. This company has been in trouble for some time now. They will no doubt also go under.