GM could have filed bankruptcy and reorganized as allowed by law. It wasn't as if one morning everyone would wake up and GM would be no more. They would have had to streamline, cut costs, and take steps that every other business in this country does when they hit hard times. Instead they went with the government assisted bailout that benefited the unions over stockholders. I have a problem with that.
As mentioned, Ford took a loan that is not yet due to try to build vehicles that few can afford without more government subsidies and even fewer wish to own.
As mentioned, Ford took a loan that is not yet due to try to build vehicles that few can afford without more government subsidies and even fewer wish to own.