Should The Government Bailout GM?

[EternalEnigma21]

the whole thing needs to be restructured. a bail out would not solve their problems. The management structure is the issue... not the labor, but they continue to attack the labor, as if they cannot pay them and still be competitive.

Also, going chapter 11 won't mean they will cease to exist. They will close a few plants, but they've been doing that for years claiming they cannot remain competitive paying american labor rates (meanwhile companies like toyota are opening new plants in the us every couple of years) Without demanding a complete revamping of management I would not give them a dime.... but then if government starts controlling businesses in exchange for tbills we have something other than capitalism don't we?

American auto manufacturers have been taking this country for a ride for years, lobbying to just keep competition out or more expensive than their cars and not paying attention to what its customers want, and that is a quality product and great customer service. I've worked for GM, Ford, and Toyota and BY FAR toyota was the most concerned with these things.

also, i thought it was funny that all 3 CEOs took private jets (separate of course) on the 45 minute flight from detroit to DC... on an average cost of over $20k/flight, to beg congress for money because they're broke.