Now when everybody is running around scared of the big bad wolf it's easy to use these upset feelings for your own good. So companies are trying to get money from governments to bail them out, not having to take the full responsibility for bad business.
This is very bad news - the basic functionality of market capitaism is ruined. If you do good business you are rewarded, if you do bad business you die. Changing this you have socialism and no longer any working markets.
So, let GM apply for Chapter 11, and let people who can do business take over the crumbs. Scrap the rest. It might sound tough, but remember that you get what you deserve. The GM leadership deserves nothing but a big hit on their heads. The employees will survive, after all the good parts of GM will survive in some way. In a way that is sustainable.
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