If this bailout happens, it needs to be after the big three declare bankruptcy and deal out the UAW. The companies have more capacity for production than they have customers, bye bye employees.They can survive without the union leeches
Spot on. I don't believe the so-called "bailout" is for the "big three" at all. It's for the UAW. GM is pissing through close to $3 billion a month. Giving them $25 billion keeps them afloat for what, about 9 more months? What do they expect to accomplish in 9 months that will save them? Restructuring their debt and reorganizing their operations happens in bankruptcy court, not by giving them bailouts.
This is all about payback to the UAW for their efforts to put Obammy in the Whitehouse, IMHO....