Think displacement, folks. If GM fails, it will not be the end of the auto industry. It will not drive our nation into a depression. It will eliminate an over-bloated whale of a company that has made poor, wreckless selfish choices as a leader of an industry in the United States and provide MORE opportunity to the companies who have made the decisions that have lead them to thus far, stay competitive... what will happen as a result? those companies who before had to sell hybrids for 23 and 25 thousand dollars would now be able to offer them at a mere fraction of that price. If congress gives anybody money it should be in the form of tax breaks to companies like Smart, Toyota and Honda for taking the early initiative to provide more aggressively fuel efficient car. no brainer. Even the banks don't trust you, GM. We all know why.
GM - There was a point where you had a choice. You, as the leading auto manufacturer in the US should have recognized the energy crisis and dependency our nation has on foreign oil... then you could have done the right thing and focused on providing consumers with aggressively efficient cars, and investing on marketing for such vehicles, instead of the road you decided to take: Make bigger and bigger trucks that can run over those stupid puny little hybrids. Nobody needs to drive themselves to work in an oversized Sports Utility Vehicle, yet you convinced the majority of this country that they did.
Moreover, the government is not a bank, nor should the manufacturing industry treat it as one. Banks DO exist even POST Sept 2008, and if you can't get money from them, there's a darn good reason why not.
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