So, we’re thinking of bailing out the Detroit auto industry to the tune of something like $25 billion. Hmm. I notice at at present stock market values, GM--the whole thing--is now worth less than $2 billion, and Ford is worth less than $5 billion.
Why doesn’t the feddle guvmint just buy up GM and Ford lock, stock, and barrell (and union contracts), and save the taxpayers money (at least for a while). I’m sure the feddle guvmint can run the auto industry at least as well as Amtrak and the Post Office.