GM had $9.6 billion fourth-quarter loss and burned through $6.2 billion in cash

General Motors posted a $9.6 billion fourth-quarter loss and burned through $6.2 billion of cash in the last three months of 2008

Not only that, the nation's biggest domestic carmaker said Thursday it lost $30.9 billion for the full year.

However, don’t expect the century-old carmaker to fold. The Obama administration can’t allow that to happen.

Labor Unions contributed heavily to help elect Mr. Obama and a host of other union-friendly Democrats. The administration will not allow thousands upon thousands of dues-paying union members to end up in the unemployment lines.

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