[legion]

I am still holding out hope that GM's current state will force some real reforms at the company. I have a lot of respect for them. After all, they haven't tried to dump their pensions, but have consistently acted to make them more sound. They should leave the low-margin, high-volume cars to the Koreans as they have a cost advantage there.

I'm not a fan of nationalized health care, but most of the companies that GM competes with are based in countries that have this. This gives those companies a subsidy in effect. I remember reading that GM's health care costs (for current employees and its army of retirees) amounts to something like $1,500 per vehicle they produce.