Without a bailout, GM BANKRUTCY would be permanent. GM did nothing to deserve that brief Bankruptcy credit.Part of that bailout money is Toyota and its employees money, you should THANK TOYOTA for that.
Bankruptcy is Bankruptcy. Government could bring Eron back if they want too, if the government did bail Eron out, that too would be a brief Bankruptcy. It just like you had a heart attack and die, some how someone revived you back to life and the death was brief, but the heart attack already did the damage to you. In GM case there is no difference, it lost a lot brands, closed a lot plants, and lost a lot of employees, what saved GM was Daewoo.and Chinese join venture.