A bankrupcy judge is about the only efficient way they can cut what they need to, deal with the UAW and draw down the number of dealers. They have proven they can't manage a business (loosing billions in 07 way before the crisis) and take on tough decisions with the dealers and UAW.

Let em fry.

As goes the automotive industry in the US, so goes the economy.

1 in 8 jobs in the US is somehow tied to the auto industry.

__________________
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.

That's ridiculous. As a taxpayer I shouldn't have to be forced to support a shit company. End the unfair trade policy that is called 'NAFTA", stop importing cheaper Japanese (and soon Chinese) cars that for 2 decades+ were being sold in the US below cost to kill US competition, cut imports of Chinese shit until they start playing fair and stop unfairly pegging their currency to our dollar. We have a massive debt that is further being ramped up as more money is printed and also further deluting the dollar. Meanwhile on the other side of the pond...China... has no debt and a soverign wealth fund to the tune of hundreds of billions.

Whether you're for or against saving GM and the American automotive industry, that doesn't change the fact that the economy will worsen without them.

__________________
You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.

If all those "shit companies" made cars that "you liked",
would you have more of an interest in seeing one or,
some of the US based car manufacturers survive in some
form or another?

__________________
Ol'UncleMotor
From the Home Base of Pro Bono Punditry
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The economy will worsen period. Eventually a new company will start and hopefully make decent cars and not have to ask for tax payer handouts to line the pockets of CEO's who have their own jets. Our economic problem is the government's own doing by not regulating industries, particularly banking, better (or at all). It's happened many times before and they haven't learned the lessons... or rather it makes them rich so they are not going to change anything. Watch "Trillion Dollar Bet"

Mini announced 850 layoffs today in the UK. Frankly I'd rather bail out that brand since at least they manufacture a product that I'd be willing to buy. GM, Ford, Chrysler have not produced a car I'd consider buying so far during my lifetime....and I'm a car guy!

Didn't you just answer your own question? If they made cars people (myself included) wanted to buy, they wouldn't be going bankrupt.

I was quoting you, in the quotes...those were not my words.
Skip the quibbling. I am surprised at your attitude toward
a major industry and employer, (and not just those overpaid
UAW guys in the plants.)

Maybe you have some clairvoyance as to how that "new company"
will arise that makes cars you like. Or, how the demise of a GM, Chrysler,
et al, as a US company with its myriad of suppliers, will help the current
economic situation.