GM Bankruptcy

I am concerned about the GM and Chrysler Bankruptcy. It means that our country is getting ready to go through another round of job cuts. It scares me to see what state we will end up in as the USA. I don't understand why they don't drop the price of cars some more. I don't agree with the fact that people won't buy cars from a bankrupt company. I would have strongly considered it if I thought the price of the cars where still not over inflated. Cars seem to be becoming a luxury item for many people. I used to hope that GM would not have to go through bankruptcy,but it now seems that it was definitely inevitable.