Fall i'd love to believe the US was going to let go of GM and let them become a profitable company again...but I and more educated people then me just don't see it happening. Once the gov gets in, they will dicate what cars are built and how, they have already started. They illegally fired the GM president, they dictated the settlement terms and FORCED this illegally structured fast track BK and screwed over the bondholder and stockholder with illegal ignoring contract law. They threatened hedgefund and bondolders to settle with both Chysler and GM.
Thegovernment now has mandated emission and mileage mandates that will require the companies to build cars like those that are driven in japan, small death traps that the american people won't buy until they are forced to by higher taxs and fuel prices imposed 1st by this garbage "cap and trade tax" and then by penalty taxes for not buying the small stuff and then the mandates to remove the use of cars and truck that are not able to get thoer mandated mileage and emisson stds. Gm will never recover, they will be supported by the government to keep the union jobs and votes alive for the next 50 yrs as we have done with Amtrack for 30 yrs, which was also suppose to be "short term", because we didn't want to run a railroad.....
As for moving from a manufacturing base to selling products....where have you been, we have been exporting manufacturing for yrs , we have almost no manufacturing except the auto industry and GM has already stated in their restructuring plans and barry is quite aware of it, that they will build close to 50% of what the sell here overseas for close to the next 5 yrs.....I live in toldeo, ohio, we have one of the worlds largest sloar panel manufacturer companies building panels in wood county ohio, the epa has put such tight restrictions on them that it is becoming hard for them to stay here because of how sand is turned to silica...and then you look at the man made shortage of silica type sand (agian because of epa mandates) sooner then you think we will be buying those "green alternative energy" panels from japan and korea and germany....I thought we were suppose to be getting millions of "new green jobs"......
No we don't build too much anymore, and without a strong manufacturing base, no economy can survive over time...when they try, they turn to the government to keep them alive....oh wait, thats where we are now....
Healthcare, the oil industry, total control of the banking industry instead of the piece meal way they are doing it now...those are the next issues that you will have the government running for you and it will continue from there, more handouts from the government, more control of the people, finally the collapse of the system as we know it.....think it can't happen, do a google search on the weimar republic...we are following it step by step.....sure there will be recoveries, but in the mid term, not even the long term, the collapse takes over......