GM Headed Back To Bankruptcy

Here’s the details. You don’t have to buy a GM, the federal government is buying them for you.

Just to make you want to RTWT, here’s what I thought was the money quote:

“Taxpayers were compelled to rescue the company from bankruptcy, then they were compelled to buy its products, and Obama tells them it’s all a smashing ‘success’ that should be duplicated throughout the private sector,” Hayward writes, “Taken literally, as the President prefers his words not to be taken, this would mean the end of the private sector.”

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