The Fall of an Industrial Titan: General Motors Goes Bankrupt
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 1 June 2009
⏱️ 50 minutes
🧾️ Download transcript
Summary
President Obama said today he expects a new General Motors to emerge from the ashes of its historic filing for bankruptcy. Guest host Sara Terry considers a restructured GM, the government's involvement as major stakeholder, and the impact of the failure for auto workers, parts suppliers and dealers? Also, the battle for Minnesota’s still-contested US Senate seat, and a Kansas doctor who provided abortions is murdered at a Sunday church service.
Transcript
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| 0:00.0 | From PRI, Public Radio International and KCRW Santa Monica, this is To the Point. |
| 0:07.7 | The hard fall of an industrial titan. |
| 0:11.3 | General Motors goes bankrupt. |
| 0:16.5 | I'm Sarah Terry sitting in for Warren Only, and this is To the Point from Public Radio International, a daily look at the issues Americans care about most. |
| 0:25.1 | It's the fourth largest bankruptcy in U.S. history. The downfall of General Motors is staggering. |
| 0:32.2 | After pouring billions of dollars into the failed company, how will the U.S. government restructure GM as it becomes |
| 0:39.1 | the major stakeholder? Will the United Auto Workers Union survive or be forced to merge with another |
| 0:44.7 | union? What kind of cars will roll off the assembly line of a new streamlined GM? On reporter's |
| 0:51.8 | notebook later on, a Kansas doctor who provided abortions murdered at a Sunday |
| 0:57.0 | church service. First, here's the news. Support for To the Point comes from subscribers of KCRW Santa Monica |
| 1:04.5 | and from the Public Radio International Program Fund, whose contributors include the Ford Foundation, |
| 1:10.4 | the John D. and Catherine |
| 1:11.4 | T. MacArthur Foundation, and the Bill and Melinda Gates Foundation, dedicated to the idea that |
| 1:16.5 | all people deserve the chance to live a healthy, productive life. Information at gatesfoundation.org. |
| 1:22.3 | I'm Sarah Terry, sitting in for Warren Only. We're back with To the Point from PRI. President |
| 1:27.4 | Obama said today that he |
| 1:29.1 | expects a new General Motors to emerge from the ashes of its historic filing for bankruptcy. |
| 1:34.9 | He also warned that there are more hard times ahead. What will a restructured GM look like? How |
| 1:41.1 | hands-off will the government be as the company's major stakeholder? What does a GM |
| 1:45.9 | bankruptcy mean for auto workers, parts suppliers, and dealers? On reporter's notebook, anti-abortionists |
| 1:53.0 | called him Tiller the killer. And now Dr. George Tiller, who performed late-term abortions, has been |
| 1:59.5 | killed in Wichita, Kansas. |
... |
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