GM Bankruptcy No Option

A study by the Center for Automotive Research (CAR) estimates that in case of a GM bankruptcy 2.5 million jobs would be lost in the first year. The logic: if any of the "Big Three" went bankrupt, many suppliers would also fail; because car companies share suppliers, all U.S.-based manufacturers would suffer crippling parts shortages.

Read Robert J. Samuelson's How to Bail Out General Motors.