The Success of the bailout of GM?

[pointman]

We have heard a lot about the success of the bailout of GM from the Obama administration with no facts to back it up other than it is still in business and saved union jobs (jobs of workers who are overpaid and have bloated benefits unattainable in the private sector).

Yet, is it really a success? What private sector industry could allow a company to take the kind of losses that GM is taking on the Chevrolet Volt? These are the risks that a company like GM takes when it knows that unlike a company in the private sector, there is no bottom line. If you go broke, the government will give you more money. GM should have been allowed to fail, but as long as the taxpayers are on the hook, why not produce cars that cost twice as much as you can sell them? What a disgrace.

http://money.msn.com/business-news/a...10&id=15536514