If they are going to fail, let them fail. The "free market" that everybody seems to be clamoring for should be allowed to guide the market. Why does people clamor against Obama and "socialism" and then turn around and support a bailout for companies?
This is from when they went to Congress to beg for the bailout:
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Rep. Brad Sherman, D-California, asked the three CEOs to "raise their hand if they flew here commercial. Let the record show, no hands went up. Second, I'm going to ask you to raise your hand if you are planning to sell your jet in place now and fly back commercial. Let the record show, no hands went up."
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GM makes shitty cars, so they suffer. UAW is a plight that's destroying these auto companies more quickly than the economic recession is. GM cars are made by fat, lazy, drunk, overpaid, crack smoking redneck union guys who can't even glue a trim strip on in such a manner that it stays that way for longer than 6 months.
Don't get me wrong, I hope that they can fix themselves up and get out of their situation, but frankly they dug themselves into this hole and shouldn't rely on others to get themselves out.