Can't let GM fail???

Can't let them fail? ... . Yes . we . can! . ... Giving them $25B is not saving them -- it is starting an ongoing, open-ended subsidy. It is rewarding the industry for doing wrong. Rewarding executives for bribing the government to allow them to continue to make gas-guzzlers. Rewarding the UAW for pricing their members out of the market. Rewarding auto workers for demanding exorbitant pay for producing unsellable old technology.

If you give them more money now, you will have to continue doing it forever, because they will NOT change. Never, as long as you keep them in business doing business as usual. Don't whine about the 3-4 years-- if they didn't see this coming 5 years ago, what makes you think they have even common sense, let alone the smarts to run a company? These are the people that dumped their electric car in the desert!

Use the $25 Billion to help tide over the workers and suppliers that are hardest hit. Even if 1 Million workers were out of jobs (which would not happen), $25,000 each would be a nice compensation. Or to assist startups of other businesses. Or put the out-of-work workers to work on fixing the infrastructure, or developing green technology, or making trains. Bankrupcy does not mean total disappearance. The worst thing would be to use it to "bail out" one company. Like giving a $50 bill to one beggar when there are others watching. And they all know where you live.

In Germany, "green technology" has surpassed their auto industry(!) in size and impact. They are the world's biggest producers of solar panels, Denmark is the world's biggest producer of wind turbines, Spain is reaching its goal of a high-speed train station within 2 km of every citizen. They don't do it for ecological reasons -- they do it for economic reasons. (It's the economy, stupid.) Come on, people, the US is being left in the dust. Get with the 21st century.

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