Bailout or Bankruptcy?
 

What's your opinion?

Do you support a bailout or do you think a restructuring via bankruptcy is the best way to go?

Here's mine--I think a well organized bankruptcy process is the way to go. Those profit killing UAW contracts need to be renegotiated so that GM can be competitive again--the current contracts can only be nullified via a bankruptcy process.Throwing money (15 billion+) at an inefficient company (like GM), which is already 62 billion+ in debt and burning money at an alarming rate is just flushing tax payer dollars down the crapper. It will just pay their bills for a few more months and then they will be back on Capitol Hill again asking for more--like a fat man at a buffet after eating his first plate.

I support only if all CEO's and UAW bosses would take a hike. They are old dogs who refuse to change and think they are untouchable.

I agree! They got their *** into failure, let them get out of it on their own!

Let capitalism work!!!!!!!!!!!!!!!! If a company cannot survive on its own, it must fail, Period!!!!!!!!!!!!!!!!! There is a reason I am buying a Nissan, and not a Chevy, Ford or Chrysler. I speak, and we all speak with our wallets. I think americans have been speaking far too long. I'm surprised the big 3 are still open for business actually. Let them fail or succeed on their own.