GM Bailout, the golden goose?

GM Bailout

I see that congress it about to charge us $15billion to be sure the highest paid workers in America can keep their level of earnings. The concept is that if we don't give them money GM and Chrysler will have to declare bankruptcy. Now I am certainly not an advocate of bankruptcy in general, but let's consider the situation. If GM goes into bankruptcy then they will be rid of the ruinous obligations that currently prevents them from competing in the marketplace. Now as for who this hurts, the investors have already taken a bath in the market with the precipitous drop in GM stock prices. They'll lose more, but not that much more. The main loser will be the unions and their overpaid members. The fact of the matter is that they have killed the golden goose with ridiculous contracts. Toyota pays it's workers about $45 per hour including benefits and GM pays $75 or so. Hmmmm. http://www.heritage.org/research/economy/images/wm2135_chart1.gif
The unions have been robbing us for years through shoddy merchandise at excessive prices and now they want to rob us again. Why on earth should our elected representatives be considering such a thing? It's all about votes and money. The unions have lots of money from years of robbing us and now they use that money against us to try and steal more from us. It seems obvious that a particular job, especially a simple assembly line job, has some specific value. Not whatever you can extort out of management, it has a real dollar value. When a company pays more than the job is worth, it's just a matter of time. Normally this process would be self-regulating. If you pay too much for labor and you can't raise prices for your product because others compete at lower prices, then eventually your bad business model forces you out of business. The problem comes in when government interferes with this natural process. Let's use our heads for a change and keep the government out of this one.
By the way, I drive a GM car and a Chrysler car. I have an elderly aunt who lives on GM pensions and benefits. I'm not unsympathetic, I'm just a realist.
That's how I see it, how about you?