To those hoping for the demise of the US Auto industry, be careful what you wish for.

The US Automakers are more than automakers. They effect a huge % of the US domestic industry. Steel, electronics, and aerospace all have ties to automakers, and all would be effected by their demise.

I was reading an article on CNN Money earlier, the demise of GM would eliminate not just GM, but their 2300 suppliers of parts and materials.

It's truly a case of what's good for GM is good for America.

The automakers and the unions have made some boneheaded decisions, but letting them die would pretty much wipe out a fair chunk of industry in the US. hard to replace the estimated 300 billion in tax revenue alone which would be lost.