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but to let it totally fail and collapse in its own weight is not the way to go. Once given up it would be hard to recover or start it again. Then we would now even be more depended on foreign oil
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How does letting GM fail relate to dependence on foreign oil?
How does loaning money to a company known for making inferior products help our economy? Throwing money at the situation might be the initial thought, but if you think about it some more you will realize that GM will just need more money (RE: Volt, the "Savior") to function and will never return to profit with the current management.