http://www.bloomberg.com/apps/news?pid=20601087&sid=a6YdV8dDMi_M&refer=home Obviously he is spreading FUD because it is in his best financial interest to get a bailout. The economy will do just fine without GM. People will buy cars from Toyota, Honda, or Ford instead. The 3 million works will only contribute a small percentage to total unemployment or get jobs in the growing service sector. GM's contribution to the US economy is a drop in the bucket.
As soon as 1 of these 3 go bankrupt you will see unemployment rates rise above 10% in 6 months, watch and learn.