southbeach

Let GM Fail

Fire the managment (with no payoff), make the cuts needed to keep the best of the business going, and give the workers a share in the risk and reward of working for GM (stock options or other recovery based incentives, in exchange for lower salary benefit packages). If GM goes, plenty more jobs outside GM will go, resulting on more broken families and crushed lives. I know Wall Street types like to quote the 'creative destruction' mantra, but always remember that there are plenty of real families out there who don't care about economic theory - they just want a chance to live and buy stuff - and we should work hard to ensure they get the chance to do so.