I suggest that GM did not require a bailout. It could--and eventually did--go into bankruptcy court where its problems could be sorted out. Instead, the Obama administration stepped in because it is close relations with the auto union and turned the bankruptcy resolution on its head, divesting GMs primary investors of their rightful claims and, in effect, giving control of the company to the union. It fired GM's president and has substituted managers, some of whom have zero experience in the auto industry. It is a recipe for cataclysmic disaster that could and should have been avoided.