Should We Nationalize GM ?

[JoeH]

Which competitors are those? Ford and Chrysler made pretty much the same bad decisions as GM. About the only difference is that Ford appears to have realized it sooner and started changing their business model just a little earlier than GM and Chrysler. But not soon enough. All the rest of the competition is owned by foreign companies except for a few producers of niche vehicles. Even Chrysler was foreign owned for a while, until Daimler gave up on turning them around. Your argument is nice in theory, but ignores that the US auto industry has been an oligopoly market for decades, and the last few has shown all the worst symptoms of that status.