Same problem, they either have to pay it or not. Which is it? If they don't then it doesn't matter. If they do, then it does.
Further, if GM pays similar wages to Toyota workers etc, why is it that no one here wants to buy their cars? Maybe they do pay similar wages, but until they make a car someone here wants, that is meaningless.
Further, once the government takes over GM and imposes all kinds of new standards on cars, we will be left with a company that continues to make cars no one wants, but is funded by taxpayers. That way if someone does want to buy their car, they paid for it twice. Once by keeping the company alive, and twice by buying the actual car.
So, GM is bankrupt, we can all agree. So either they pay their employees to much to sustain themselves, or they make cars no one here wants... which is it. Either way, they are a disaster.
