GM to cut 21,000 jobs and shed Pontiac as part of restructuring

Under General Motors newly revised restructuring plan 21,000 US jobs will be cut, as well as cutting out Pontiac. GM is trying everything to fight for its life in the worst auto climate in 27 years. If this plan does not satisfy the government by June 1, it will go into bankruptcy. Gm is also offering stock to pay for benefits for its retirees. Though there are fears of a government run company, the Treasury says they want no part in running GM. If plans with the UAW don't workout, stocks will crash to little or nothing. GM plans to cut these jobs through the closing of several factories, as well as reductions in wages.
I think that the government should stop giving any taxpayer money to GM, a private business. When our government was established there were strong sentiment from British government rule, and so the Framers believed private and public sectors should never interact. 230 years later though, the government is taking control of a private company with taxpayer money. So what if GM goes out of business. When the dot.com boom produced thousands of busts, you didn't see anyone complaining for bailout money. GM is only a business that has too many expenses, and not enough revenue. How is it that other companies are able to make so much profit in the same quarter that GM lost tons of money. Even if GM is bankrupt, the factories will be bought by other companies that will make efficient, low costs products for consumers to buy. Maybe GM should take from lessons from other car companies, and learn how to make enough revenue to cover expenses.

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