Yes.
okay. You're okay with 3 million jobs in America - from the Big Three alone - disappearing.
We currently have 5 to 6 million unemployed Americans, and a 7% unemployment rate. Do you want to bump it up by 50% by adding 3 million more unemployed folks to the list?
Do you want a nationwide 12% unemployement rate overnight?
(This doesn't even include the suppliers, waitresses, renters, and everyone else who has a job only to support the auto industry).
So what happens to state unemployment budgets (many of them already on pace to run out late this year) when they have 50% more people applying?
These state budgets fail, many of them almost immediately.
Federal govt has to print more $ to keep paying this unemployment - a helluva lot moer than the $billions that GM wants.
I don't think you are thinking that far ahead - to failed state budgets- as a result of bumping national unemployment by 50%.