Formerly, General Motors. Announced today, the Federal Goobs are now going to run the new company, Gooberment Motors.
First, they just wanted to bail them out, now they want to run the whole enchlada. Possible tax breaks for folks that buy new GM cars and trucks?
Can they force Ford to do the same or maybe the better question is; can Ford compete against trillions of dollars, money the tax payers are going to have to borrow to bail the UAW out, thanks to our new administration?
In my book, the death of the domestic auto manufactorers is the death of Capitalism in the U S A. Instead of letting the the auto market work out their self-inflicted crisis, Big Brother had to jump in and kill it!