Comments on: Government Could Own 70% of GM http://blog.webridestv.com/2009/05/government-could-own-70-of-gm/ The hottest place on the Web for fast, modified or exotic cars. Tue, 16 Mar 2010 16:37:35 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Mad_Science http://blog.webridestv.com/2009/05/government-could-own-70-of-gm/comment-page-1/#comment-569 Mad_Science Thu, 28 May 2009 06:57:18 +0000 http://blog.webridestv.com/?p=5575#comment-569 While I'm not particularly against the current administration, I'm afraid no good can come of this. The Guvmint has an entirely different set of priorities than a functioning corporation. Despite the fact that the most healthy, functioning corporation is in the best (financial) interest of the taxpayers, my fear is GM will be subjected to irrational demands reflecting Congress' election-year posturing. To put it more bluntly, if there are 2 groups in whose ability I have little-to-no faith, it's the UAW and Congress (the House, in particular). While I’m not particularly against the current administration, I’m afraid no good can come of this.

The Guvmint has an entirely different set of priorities than a functioning corporation.

Despite the fact that the most healthy, functioning corporation is in the best (financial) interest of the taxpayers, my fear is GM will be subjected to irrational demands reflecting Congress’ election-year posturing.

To put it more bluntly, if there are 2 groups in whose ability I have little-to-no faith, it’s the UAW and Congress (the House, in particular).

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