Actually, I think there is a very good chance Sears will go under in the near future, if not this year maybe next. That soon I would dare to project.
,,,come to think of it, we should bail them out, I really like their tools and if they went under it would have an immediate impact on ME!
Had we let GM "restructure" under a lengthy bankruptcy it would have had a devastating affect on a large part of the nation. I DID favor a GM bankruptcy for awhile, screw 'em, not a stinkin' dime would I offer them. But in the end, it was not a bad plan for the Gov to hasten the bankruptcy, keep it short, let's get back to work. Had GM been left on their own they would STILL be in bankruptcy court and many many more jobs would have been lost.
...thats what I think the impact would have been on GM had we let them "fail".