GM, Ford look for handouts

There's already talk in Washington, especially among Democrats, to bailout the troubled U.S. automakers. GM and Ford may be no more if they cannot get a good-sized loan or some sort of capital infusion. GM is betting its future on the Chevy Volt all-electric car to come out in 2010, but the automaker may not make it through next year. That's how bad they are...

Let's face it. These U.S. automakers are in the shape they are in now mainly because of bearing the burden of labor unions like UAW. Hundreds of thousands of employees could lose their jobs if the companies go under, but maybe that's what's needed to get Detroit back on track. The unions have to realize that the automakers do not provide social programs and welfare. The automakers are in the market to make cars that'll sell and create profits. If GM and Ford want loans, then let them go bankrupt first so the court can restructure their obligations and fire the executives, too.