Well said. And the "great success" of GM still owes us taxpayers 10s of BILLIONS of $$. The Volt is now on the ash heap of history (pun intended) and GM acts like it's no big deal.
Moreover the GM bond holders got the royal shaft by Osuxit's deal and now cities in CA are trying to use that same model as they declare bankruptcy to screw the municipal bond holds out of their money to beef up the union retirement funds. Guess who's on the hook for it all? The Taxpayer is left holding the bag yet again.