Andrew Snyder says the temporary economic pain of allowing General Motors (NYSE:GM) to fail is better than propping up a lost cause with public money. He says its time to let GM go and allow the process of creative destruction to work freely.

The fate of the ‘Big Three’ still hangs in the balance as the government ponders a bailout. Andrew Snyder says auto dealerships are also at the mercy of their Detroit suppliers. He says a lot of things have to go right for most dealers to survive this crisis. That’s why bottom-fishing investors should look for well-diversified retailers like Wal-Mart (NYSE:WMT).

If you thought the earnings report released this morning by Ford (NYSE:F) was scary, you had better be sitting near a trashcan to hear the news from its cross-town rival, General Motors (NYSE:GM). These figures will make you nauseous.