When one looks back in history all the elements of GM were separate companies...Chevrolet...Buick...etc.

When they smarten up they will go into Chapter 11...get much of the debt forgiven....get out of dealer contracts...out with the union...and more.

Under the reorganization...if they are smart they will go back to smaller companies as in the beginning. That means there will be several multibillion dollar companies without the obligations and overhead of a proven inefficient mega company.

So when the media presents the subject in their typical sensational manner...the end of General Motors...they want it to sound bad....they present all the negative possibilities...and FAIL to point out the upside.

The big fat executive overburden conglomerate will disappear. Several independent businesses will fall out.

It is just too bad this was not forced to happen last year. All that has been accomplished since then is the time lost as well as several billion dollars of tax payer money. Did any half intelligent thing human being believe for one minute there would be any other outcome.

Chapter 11 = an enema for a sick constipated company....

One door closes and others will open....it will happen with this too.
Now if we could just get the politicians and the media to tell it like it is instead of pumping the sky is falling routine.

What do you think?
I don't care whose fault it is (that is the non productive backward look), only that it gets fixed...that would be the forward look that results in an improvement.

BTK