GM seeks bailout

GM affected by mortage meltdown has trouble with auto loans, sales down and economic crisis made worse by unemployment. They want government assistance to merge with Chrysler and cut down on expenses. There merger would bring more layoffs to an already troubled part of the automotive sector.

I predicted that GM would go bankrupt and now we see that it is in worse shape than we imagined. The bailout would only prolong the agony. GM has been losing money for years. It cannot sell the supersized Hummer or any of its giant dinosaurs, which should become EXTINCT!