JOHN1564, while I agree with the point you are trying to make in the GM bailout fiasco, I believe some of your numbers are not correct. All my research indicates that the pay rate (hourly and benefits) for the "regular" GM employees, was around $71 / hr. The real problem is that the company was essentially given to the UNION which made a very large profit when they sold their shares in the open market after the IPO. Additionally, the new GM was allowed to carryover some federal tax credits from the old GM which they have used to show a "profit". Lastly, bankruptcy protocol was violated when the union was moved to the head of the line versus "secured creditors, CONT'D BELOW