As I read through Manzi's post I found myself growing angrier, further resenting these asshat execs running GM, and wishing them and the company nothing but ill will.
GM does not appear serious about doing anything that will help the industry—or even their own goddamn corporation—over the long haul. Their proposal appears to be nothing more than a PowerPoint presentation for getting in on the bailout bonanza and a way to extort concessions from the unions. Assholes.
Oh, and fuck Chrysler and Cerberus.
UPDATE: Ford says it's okay for now, but wants a line of credit in case things get worse—I think that's posturing and merely trying to avoid the "about to go under stigma" of GM and Chrysler. That USAT link has a side bar that includes a list of each automakers plans. Here's part of GM's:
Sell Saab, trim Pontiac, sell or close Saturn, sell fewer models. Reduce powertrain and stamping facilities to 38 by end of 2012, from 64 now.
A good start, but nowhere near what I suggested, and as Manzi pointed out doesn't get them anywhere close to financially viable.
UPDATE 2: An additional "Fuck you" to Cerberus, and can somebody explain to me how combining two "too big to fail corporations" into one even bigger failing corporation is a smart move? Republican Senators are pushing for a GM/Chrysler merger.