How’s That General Motors Bailout Going? The Value of GM is Down By About Half During 2011, So Far, YTD

Why on Earth do we subsidize car production?

What’s so special about it?

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Maybe GM deserves to die?

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2 Responses to “How’s That General Motors Bailout Going? The Value of GM is Down By About Half During 2011, So Far, YTD”

  1. Dave D. says:

    …Silly Goose ! We’re not subsidizing car production, we’re subsidizing VOTE production. The Goobermint is taking money from folks earning $18 / hour and giving it to UAW workers earning $73 / hour. It has nothing to do with no damned cars.

  2. sfcitizen says:

    Well I guess it’s $14 and hour to start plus benefits for the new workers and I thought it was $28 per hour for older generation.

    Yes, the politics of Michigan, in particular, plays a role.