Oh no, the sky is falling.
The political "reality" - is that you cannot run an outfit like GM out the White House. Rahm is going to decide whether Buick survives and Joe-B is going to pick next year's plant closings??
I am not saying no financial support - I am saying bankruptcy - followed by a realistic plan to reorganize. The present bloated nature of the company, plus legacy costs and union contracts need to be swept away to keep it a viable automaker.
Time to oust the whole board - they have failed. Time to oust top management - they have failed. Time to destroy all shareholder value - they have been given more than the company is worth. Time to break all contracts and labor agreements.
Ever hear of British Leland??