by Laura Conaway

A GM "news relations" director blogs today against taking bankruptcy:

[W]hile "clearing the decks" sounds refreshing, the reality would be anything but. The bankruptcy process would bring financial hardship to millions who rely on GM — and upon whom GM relies.

The link comes from another GM flack, which serves to make it all seem that much more circular.

 

More from GM:

GM suppliers, already pushed to the edge by the recession and credit crisis, would in many cases follow GM into bankruptcy, jeopardizing the flow of parts GM needs to produce vehicles — and generate revenue. Fewer health care dollars would have a real impact on employees and retirees, as well as on local health care providers. Should GM's pension plans be turned over to the federal government, the result would be reduced benefits for some retirees and greater expense for the taxpayers. The deck in question turns out to be one that millions of ordinary Americans stand on.