01 June 2009

President Forms Government Motors

General Motors became Government Motors today. Despite billions of dollars taxpayers shelled out to save the UAW, oops typo-correction GM, the company went bankrupt and will now restructure.

Why did we not do this from the beginning? What happened to the emergency bail out because GM was too big to fail?

http://www.breitbart.com/article.php?id=D98I43G02&show_article=1&catnum=3

http://www.realclearpolitics.com/articles/2009/06/01/chrysler_gm_and_the_law_of_unintended_consequences_96771.html

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