Wouldn't it be better to let GM go bankrupt?

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snowwie40

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The US government already loan GM some 15 billion US dollars. Now, GM is again asking for such a same amount again. That's 30 billion dollars!!!. There are 224.000 people working at GM. Wouldn't it be better just to close GM and give those 224.000 people a social welfare income (for example 1.000 dollar per month)? This would cost only 2,6 billion per year, not even taken to the fact that several tens of thousands of those former employees would find another job. For the 15 billion US dollar GM needs the government can give all those employees for 5,7 years a social welfare income. Far more time than GM still has.
 
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