Bailout or Bankruptcy?

[sbsmoov]

What's your opinion?

Do you support a bailout or do you think a restructuring via bankruptcy is the best way to go?

Here's mine--I think a well organized bankruptcy process is the way to go. Those profit killing UAW contracts need to be renegotiated so that GM can be competitive again--the current contracts can only be nullified via a bankruptcy process.Throwing money (15 billion+) at an inefficient company (like GM), which is already 62 billion+ in debt and burning money at an alarming rate is just flushing tax payer dollars down the crapper. It will just pay their bills for a few more months and then they will be back on Capitol Hill again asking for more--like a fat man at a buffet after eating his first plate.