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If anybody really believed GM or any of the big 3 had the ability to turn things from just receiving a loan, then the private sector would be offering to give them the money they need. The fact that they are not just proves this is not a good deal for the taxpayers.
Yes, I do realize how many jobs could be lost. So be it. I imagine many of those people will find other jobs. Will they be able to command the same wage or standard of living, probably not, but then again, a lot of union workers have been enjoying the money they are making well above what non-union workers make. Maybe that would open some eyes in this country.
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