said by Matt3:
You're right. Clearly the solution is to let them fail, force hundreds of thousands to become unemployed, and further burden the system.
Taking them over is just the end step in corporate welfare, why worry about cranky stockholders, we promise we wont complain, but we do want 100% of your dividends as income tax. The scheme is that they are now/will be a great source of tax revenue, 100% tax, its delicious. Plus all those jobs create tax revenue (FICA/etc). That bailout money, unless there is typical corporate graft, will become wages with a 35% cut into taxes, or higher (sales, property, etc), so the govt is just giving itself $ using the car company as a front.