Friday, May 29, 2009

The new GM: Government Motors?

A new name for Detroit's weakened auto giant GM is making the rounds, sometimes with irony, sometimes with dread, suggested by the deepest Washington industrial intervention in a half-century.

The Obama administration is planting itself at the wheel of General Motors with a major ownership stake -- and all that goes with it for the U.S. taxpayer...

[That's right, when we complain about the costs of union benefits, we'll now be talking about your money whether you ever bought a chevy or not.]

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