The document discusses the potential effects if General Motors were to go bankrupt or cease operations. It states that over 3 million jobs would be lost in the first year alone and another 2.5 million in the following two years. The US economy would lose over $150 billion in personal income in the first year. Local, state, and federal governments could lose over $156 billion in taxes and costs for unemployment assistance and healthcare over three years. Supplier bankruptcies could bring all auto production in the US to a halt. The document argues that a GM bankruptcy would have widespread negative effects across many industries and that a government bailout is in the best interest of the American people and economy.