I just read the recent article explaining the pros of eliminating yet another 100,000 jobs associated with the closure of dealerships. Fewer dealerships will promote higher consumer prices in the dealers remaining in the future GM. 8020 the buzzword in corporate America. 80% of the cars sold in 20% of the dealerships. I suggest that GM liquidate their current stock at 10% over COST(nothing to do with all these advertised invoice costs...the REAL cost). Give the consumer(those with a real need; desire and ability to pay) credit with only enough interest to administer the sale and collection thereof. Spread out the payments so anyone with a stable income could afford to buy a new vehicle. Use this liquidation money to pay all their creditors; large and small(increasing the number of people who'd buy a new vehicle). This would not give GM the immediate solution(such as my tax money as a buyout) it would take time. They would build a viable base from which to operate but gain a higher share of the US market with GM products.This would create more work all the way around. Maybe the GM worker would be off longer on layoff but in the end they'd be working for a more stable company. GM would be part of the soluation instead of the reason for the problem.
Corporate America needs to wake up and live in the real world like the rest of us. We will get through this if everyone uses a reasponsible approach. KEEP IT REAL!