[Porsche-O-Phile]

We'd have a much more honest company (or collection of them) emerge from the mess, sustainable and possibly even able to compete. The new companies would have been leaner, meaner, innovative, competitive and largely free of the burden of the UAW, which is directly responsible (at least to some extent) for this mess.

Instead, this is really just prolonging the agony. The new "Government Motors" will continue to bleed red ink for YEARS - only now it will be taxpayer money. It will be "more of the same" from present-day GM - same lousy management, same crappy and uninspired designs, same inefficiency, same parasitic union leeching, same bloated decision-making processes, etc. Just the taxpayers will fund it. GM needs a LOT more than simply dumping Saturn, Pontiac and Hummer to be really viable. They need to collapse and be torn to shreds by the free markets. This is not being allowed to happen - we're treating SYMPTOMS, not the underlying diseases that caused GM to become insolvent in the first place.

GM should have been allowed to collapse entirely. So should have AIG. So should have Chrysler. Failed business should be allowed to go under - period. It sucks and yes, there would be a lot of pain, but these things are a case of "pay a little now or a lot later".

Believe me, we'll be way worse off in the long run for this.