Personally, I feel if GM or any one of the BIg 3 go under, the ripple affect on the economy will rival the Great Depression. Instead of the 35 Billion we are being asked for now, the cost of such a blunder will make the 700 Billion look like chump change. JMHO but we could be become the latter day Rome.
How many of you know how to speak Chinese? If you think they own us, with our debt now, just wait until the economy falls like never before. IT IS SCARY!
As for the argument that they would be receiving a tax payer loan. Are you kidding? This is money that we DO NOT have. It is money that even our great grandchildren will not have,
Is this the death of democracy? Perhaps it is, but we need to pull out all stops to keep it alive.
(anybody got a flag I can wave?)