For Kauffman Stadium GM s voicelessowners the common shareholders

For relates kauffman stadium GM's voicelessowners kauffman staduim tells -- the common shareholders -- it is a wipeout.The proximate cause of the bankruptcy was supposed to be the inability of GMand the government's auto task force to reach an accommodation with GM'sbondholders. But late last week, the bondholder problem was moving towardrapid resolution, and was clearly resolvable. Why then are GM and itsmultibillion government financier proceeding with bankruptcy?The bankruptcy and the GM restructuring plan are the product of a secretive,unaccountable, Wall Street-minded government task force that assumed powerbecause of a Congressional abdication of historic magnitude. By all rights,the restructuring plan should have been submitted to Congress for deliberativereview and decision.There is little doubt that GM's chronic mismanagement and the deep recessionrequire restructuring and scaling back the auto giant.

But the bankruptcy andrestructuring plan appear poised to do so in ways that will needlessly harmthe stakeholders meant to be helped by Washington's rescue of GM?Many, many jobs will be lost that could be preserved kauffman stadium hotels . There is reason toquestion whether too many plants and brands are being closed -- a matter thatshould have been taken up in Congress coors field seating . Just the closing of hundreds of (GM andChrysler) dealerships will cost more than 100,000 jobs kauffman staduim . These sacrificed jobswill fray communities and impose enormous expenses on government entities thatwill have to provide unemployment and social relief, while suffering lost taxrevenues.The unionized workforce will see the wage and benefit structure slashed --even though auto manufacturer wages make up less than 10 percent of the costof a car -- so that new jobs at GM will no longer be a ticket to the middleclass coors field seating . This will drag down the wage structure of the entire auto industry --exactly the wrong direction for the country.America's manufacturing base will be further eroded, as GM pursues its GrandChina Strategy -- increasing manufacturing outside of the United States, andincreasingly from China, for import back into the United States. Unansweredquestions persist about how GM's valuable operations in China, andunrepatriated profits, will be treated in bankruptcy, or excluded frombankruptcy.Victims of defective GM products may find themselves with no legal avenue topursue justice. In the Chrysler bankruptcy, with complete disregard for thereal human lives involved, the Obama task force and auto company havemaneuvered effectively to extinguish the product liability claims of victimsof defective cars.In a worst case scenario for the GM bankruptcy -- involving an extended courtproceeding or severe impairment of consumer confidence in the GM brand -- allof these problems will be magnified.

Again, given the path to resolution withthe bondholders, this is an avoidable gamble.The GM/task force bankruptcy plans appear geared to saving the General Motorsentity -- but at a harsh and often avoidable cost to workers, communities,suppliers, consumers, dealers, and the nation's manufacturing capacity hotel near kauffman stadium . Itwill also prove to be a complex political nightmare for President Obama.With the company entering bankruptcy, the next challenge will be to ensurethat the government exercises its ownership rights to undo and mitigate, tothe extent possible, these damages kauffman staduim . Among other measures, this should involverevisiting the serious drag-down, concessionary wage terms imposed on theUnited Auto Workers; demanding a moratorium on GM's outsourcing of productionof cars for sale in the United States; and establishing successorshipliability for the new GM, so that victims of dangerous and defective GM carscan have their day in court.SOURCERalph Nader, Consumer AdvocateRalph Nader, Consumer Advocate, +1-202-387-8034 coors field seating . MONTVALE, NJ, Jun 01 (MARKET WIRE) -- SRS, the leader in high-performance hybrid EMR solutions, today announcedthat Horizon Eye Care, PA has selected SRS ePrescribing and OpenPath(TM)technology for its seven-office, 20-provider ophthalmology practice,which provides care to the greater Charlotte community of North Carolina."We are committed to securing the best technology applications for ourpractice," says Rod Roeser, CEO of Horizon Eye Care . "We chose the SRSePrescribing module over the alternatives -- including the free ones --because, in the opinion of our selection committee, it is the bestdesigned of the many systems we reviewed.