General Motors will no longer be “Government Motors.” The Treasury Department on Wednesday announced its intention to liquidate federal holdings in the automobile company over the next 15 months. The final tally will show this policy has been a disaster for taxpayers.The name goes from Government Motors to UAW Motors.
Under the best case scenario, the public will wind up shelling out more than $13 billion by the close of this unfortunate episode....The end result of this shameful episode was a GM hobbled by political considerations, and an auto industry more beholden than ever to Washington. This is the path to decline, not prosperity.
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
Wednesday, December 26, 2012
EDITORIAL: Government recalls GM stock
Washington Times
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