I’ve always had mixed feelings on the bailout. The real issue with this one was the control seized by Obama. My neighbor saw the writing on the wall and got out of Chrysler about 5 years ago.
100 employees is a minor drop in the ocean when you look at the entire list of those employed at GM.
They could eliminate several hundred more by getting rid of the “Volt” that the public does not want. That would save a ton of money.
The bailout was never needed for a successful Chapter 11 bankruptcy. The most that would have been needed was federal loan (post-petition) guarantees to insure adequate financing.
The bail-out money was nothing more than a slush fund to insure that union pension funds, and other favored programs, suffered as little as possible.
If people recall their history, the bailouts were first discussed, and sold to the pubic, as a way to help the auto companies avoid a Chapter 11 filing.