Be careful what you wish for.
I wonder when the general public is going to wake up. The Presidents' actions speak so much louder than his words. In last nights' (completely staged) press conference, he claimed to not want an expansion of government, yet the GM bailout and countless other plans from this administration say the opposite.
But the UAW should reconsider this deal-with-the-devil. Yes, they will live off the taxpayer tit. The government will pour more and more taxpayer money into GM.
But rather than use his early popularity to force hard decisions through the bankruptcy code, President Obama has decided in essence to have the feds run GM and Chrysler. This inevitably means running them for the benefit of the UAW that is so closely tied to the Democratic Party. Next up will be tax changes and regulations intended to coax, or coerce, Americans to buy Gettelfinger Motors cars. This tale of taxpayer woe is only beginning.
But without government coersion, it is unlikely people will flock back to GM.
My wife has an Impala. Good car. Happy with it. I guarantee it is the last GM car we will own. The new GM is sure to be overpriced and undermade.
I have (or had) a little cartoon about "Pelosi Motors" or something to that effect. If I can find it, I'll post it here. You will be able to see what the future holds.