Reality.

The Obama's administration's leading plan to fix General Motors Corp. and Chrysler LLC would use bankruptcy filings to purge the ailing companies of their biggest problems, including bondholder debt and retiree health-care costs, according to people familiar with the matter.

Let's see who, amongst others, said this first. Well, theres this guy.

Of course, this is after he has given them $25 BILLION. Guess those TARP loans wont be paid back either. Thanks, Dumb Ass, er, Mr. President.