The treasury has made a huge mistake in rescuing GM as well as AIG and has made matters worse.
They are now trying to sell off both and hoping to get some of the money back.
It would have been better to let both companies fall on their own and if they had done so matters would be better now.
Instead the situation is now worse than it ever was and no end in sight.
The treasury thought they could print massive amount of money and then withdraw it slowly but they have found that it is impossible.
What will happen is that inflation will be the result of all this overprinting of money.
The reason the inflation has not picked up speed yet is number one the massive overpricing of houses that is coming down and also that foreigners have been willing to buy US bonds.
Both will come to an end soon and the amount of money in circulation will begin to really make ordinary things become very expensive.