General Motors admits it can't compete in the free market, asks for welfare handout from the government.

http://www.clusterstock.com/2008/8/general-motors-gm-we-deserve-a-bailout-too

The sad thing is the people responsible for the bad decisions aren't the ones who will suffer. The big shots who kept making fuel inefficient vehicles will, at worst, get a golden parachute. The little guys, the workers, who just do what they are told will be the ones losing their jobs.

Like what happened when the govt. bailed Chrysler/Jeep out?

Pssst, Chrysler got the loan guarantees well before they even owned Jeep. As a matter of fact, they may have even finished paying them back before then.

No American auto company has competed in a free market during its history. The auto industry is a great example of how dysfunctional socialism is.

How sad. After being decimated by fixed labor markets it now runs to the government for help - kind of like a battered wife running to a pimp.

Simple really - study the market, and "supply" a product that the market "demands".

OR put out a thoroughly shitty product, but trick America into thinking it's everything you need, a la - Harley Davidson.

Either way, if you reward corporations or individuals for non performance, you'll continue to be financially drained, and they'll continue the non-performance.

Pssssssssst-bailouts are bailouts!