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The problem with these kind of bailouts, is they defy the market. If the market thinks that GM is a bag of shit, then let the market take care of it. By giving GM, or an airline, or a bank, billions of public money you are masking what the markets are telling you.
Best solution for GM (I think) -- Transfer all production to Asia, and do some assembly in the local markets with a much smaller workforce. Also, provide credit to Chinese consumers for Chinese built cars.
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