[dinodino]

Gee, what a shock.

[RayChuang88]

I think GM is already quietly working with the Commerce Department and SEC on a planned Chapter 11 filing that will allow GM to completely redo all its UAW contracts and also will provide a means to protect its suppliers—this is very important because those suppliers need to be around to protect Ford.

[MGMSwordsman]

A company like GM is like a heroin addict. This kind of blackmail will never stop until they either kill themselves or somehow find the means to go “cold turkey”.

[TheWasteLand]

There’s a third option: nationalization. Can anyone say Obamamobile?

[Sacajaweau]

People will put off buying cars until things stabilize. Payments for 5 or 6 years against even a $500 repair might be the choice.

The same thing with housing...A $25,000 addition against a big, fat new mortgage for 30 years.

[Redleg Duke]

I’ll take “Bankruptcy” for $800, Alex!

[PistolPaknMama]

The need more money for their Brazilian operation? Tell them to talk to the frekin Brazilian government!

[Peter W. Kessler]

I ordered an HHR SS right after the first of the year.

It’s not a “Need” thing, it’s a “Want” thing. This will be my last factory hot rod. (It’ll go 140 mph!)

I really ought to call the dealer to find out if they’re actually going to build the thing.

If not, I’ll just keep the Honda Element for another 150,000 miles.

[randita]

It’s going to be interesting to see how Obama finds a way to keep the UAW eating out of his hand while saving GM at the same time. It’s a tough challenge, even for a Messiah. But if he can walk on water, he can find a way.

[Republic of Texas]

This is the same choice the federal government is going to give us soon.

[Reeses]

In for a penny, in for a pound.

[bgill]

Quit pandering to union wages and people will be able to afford a new car.

[Doohickey]

Oh, we get to pick? Cool. I pick the option that doesn’t include more bailout money.

[jwparkerjr]

Here's what I would do if I were GM. I would donate every last single unsold vehicle in my worldwide inventory to charities like the Salvation Army, Goodwill, etc. Then I would take the tax write off for charitable contributions and declare bankruptcy. The charities then could raffle off the vehicles as they see fit. Just think how many people would buy tickets from the charities in hopes of winning a brand new car! Sure, there would be no warranty or service, but then untold numbers of new auto shops would open to meet the needs of those car owners. Same for suppliers. With all those cars suddenly out there it would make sense for people to get into the business, especially those who were already in it and supplying the now-defunct auto makers.

Washington would get no taxes from the filthy rich car maker and the $13 billion or so already given them to get them hooked on the feds would turn out to be a gift of sorts.

If it went well then the other auto makers might follow suit.

Just an idea.