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I don’t know a whole lot about economics and all the things that pertain to it. What I ASSUME is that if GM were to go out of business it would cost the Feds more money than it would to bail out. Lets think about this for a minute. If GM goes under that is 200K plus people out of work, plus the suppliers, metal, paint, fabric, plastic, glass, and other industries would have to close there doors as well. This could put in upwards of a million people out of work. That being said the root of this whole problem is the housing market. If 1 million people are unemployed that is just more homes that would go into foreclosure. If that happens what's left of the economy would just collapse inside itself. I fear the Govt will have to bail the auto industry out. Hell they would have to pay more in unemployment wages than the bailout would cost
PS Nothing here is factual just how my 26 year old mind see's the world.
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