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Don't get me wrong, I am torn with the idea of bailing out GM and the other U.S. automakers, but what we need to realize is the mass effect that would have on our economy.
There is very little that GM atually produces. The majority of the components of the GM car is a product of outsourcing. If GM fails, 2,100 other companies that supply GM with parts fails with it. Not to mention the mass job loss.
That being said, they need to eliminate labor unions. They do not promote capitalism and they do not nourish a competitive marketplace.
Just my 2 cents.... but I still am torn on the idea.
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