EDITORIAL: Government recalls GM stock

Washington Times

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.

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.

The name goes from Government Motors to UAW Motors.