People like you are dangerous, because you simply don't understand the net gains for our economy. The number of jobs saved in companies that supply parts and services to GM has been estimated at upwards of one million. Get it? These people continue to pay property and income taxes, they continue to buy goods and services and pay sales tax in their locales.What's wrong? Please pick one or more and explain.
1. GM loses money on each Volt.
2. Bond holders lost money.
3. Unions profitted.
Yes, bond-holders lost money. They would've lost money in a bankruptcy, as well. Investing is all about risk...if you can't handle that, don't invest.
Unions didn't profit, their worker got to keep their pensions, homes, cars, etc.
You simply don't understand economics.