I know this will shock everyone, but it appears the 'controlled failure' of GM is more likely than not. Absolutely pisses me off that taxpayer money was dumped into any of these companies. AIG included.
I agree with many of the comments above, but this type of greed doesn't stop at just labor unions. Pro athletes and their contracts/pay checks are beyond ridiculous. Especially considering the whole "banned substance" abuse BS. Its nearly to the point that an above-average athlete can't even compete unless he/she's "enhancing" in some way. (Whatever happened to just being called a druggie?!?) So much for role models...
The only upshot I see to the downturn in the economy is that it may cause a 'correction' in this mess. I love sports just as much as the next guy, but we, the people, need to start turning our backs on ridiculous ticket prices that supports this BS. Without us, they're nothing.
To hell with pro sports. Give me collegiate athletics (but don't even think about charging for conference specific channels cause it ain't gonna happen).