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Pumping taxpayer money into it will only prolong the inevitable

Would that that were true.

In fact the disasters arising from the unintended consequences of such action would only cause most folks to forget what the original "problem" was.

ML/NJ

"General Motors cannot be saved. Pumping taxpayer money into it will only prolong the inevitable. "

General Motors has had their day in the sun. Companies come and go...ask Studebaker, Rambler, and the Stutz Bearcat. All once great companies who went away for various reasons,and were swiftly replaced by competition.

General Motors was once a great ship, but they were taken over by clinging barnacles (unions). Those barnacles have taken such a solid hold that it is too late to clean them off and float again...so she's goin' under.

Along comes "Tugboat Nancy" with a plan to buy the grand old lady some time by adding outriggers, but it's a bit too late.

It's time to let go, GM. Even if you get a few billion to bail you out, the union weight is just going to sink you again in the future. They're your ankle bracelet and you can't go anywhere without them attached.

The unions will continue to bleed you dry, because everytime you make a little profit, they're going to negotiate even higher wages, and you're right back where you started. They're doing you like obama is going to do America. Redistribute the wealth...and make everyone equally poor.

But the democrat law of unintended consequences always arises (it's akin to Murphy's Law). You can't produce a competitive vehicle that's worth a toot because paying protection money to the unions/democrats will inhibit your research and quality. You won't be able to compete with non-union shops who put their extra money into quality.

But, you go ahead, GM...take the money. Blow it all appeasing your masters, and wind up broke anyway.

Meanwhile, I for one will no longer buy any vehicle from a unionized company. I will get a better car, and I won't be (indirectly) supporting democrats.

GM is like the 30-something year old still living with their parents...when the parents croak, Jr. is left out in the cold. You can't serve two masters, it's either the market, or the unions...you decide GM.