[Vrocks]

Originally Posted by Cadillac Tony

We're getting asked these questions a lot at work right now. A LOT.

In my personal opinion, I don't see America letting GM go out of business- I just don't. Anyone except the most die hard anti-American-car people can see the ripple effect that GM tanking would have on the entire industry, let alone the American and world economy (yes- GM's business keeps a lot of foreign suppliers in business as well- it's not just American companies that would be affected). Aside from those shortsighted people, everyone including the Government knows what would happen, and it isn't pretty.

The shame of it all is that GM has been taking steps over the last few years to reduce its operating costs, streamline production and improve product, all with the goal of profitability by 2010. The plan was going great until the Casino - er, I mean- Wall Street, suffered this colossal meltdown that literally gutted the auto industry from the ground up. A lot of foolish people on blogs are crying "GM brought this on themselves", but the reality is that their restructuring was going quite well until this calamity hit.

I see no possible future that includes the Government standing idly by while our last great American industry burns to the ground (partially because of the sub-prime crisis caused by Washington lawmakers, not the automakers, I might add).