I'm unclear on exactly how giving GM money will in any way improve the situation. Seems like throwing good money after bad. Sure, it'll allow them to continue operations, but only short-term. The long-term outlook for them is bleak at best, unless there is a major shift in how they do business. Toyota (as an example) makes cars that people want; they're thriving. True, they don't have the expensive pensions and unions that GM has, but they have such huge market share in the US because they anticipate trends, and provide what the public wants quickly. The Yaris, the Prius, etc. - they get it. I don't see GM (or any of the big three) doing this. They talk about hybrids and fuel economy, but they are still stuck in a bigger-is-better mindset.
There's a commercial for one of the big three's hybrid SUVs (I forget which), in which they brag about the great mileage (30-ish), while asserting that you get this great mileage while still getting a huge SUV. What the hell? Are they completely missing the point? Just last night, I saw a commercial for a four-door pickup truck, in which some drivers put the vehicles through a "punishing obstacle course", like a scene from American Gladiators, or Wrestling, but with trucks. HUGE trucks. The viewer is then invited to see more of the course, by going to a website. WTF? THIS is supposed to boost their sales? Sure, there are some chain-driven motorheads who find this stuff compelling, and will probably buy one of these behemoths to impress their mud-rally buddies. But is this really where the automaker should be putting advertising dollars? Really? THIS is gonna help turn things around in Detroit? You don't see many Toyota ads for their big Sequoia; they focus on smaller, more efficient cars in their marketing. And it works.
It all just seems like business as usual. Which might be ok, if not for the fact that it's not working. The Big Three are all in trouble; it seems obvious to me that if you keep doing the same thing, and getting the same bad result, maybe you should try something new. Or at least watch what your successful competitor is doing, and try to follow their lead.
And I agree, Loren, it's hard to have sympathy for these companies, but I sure do feel for the people farther down the food chain.