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General Motors

DETROIT, MI - JANUARY 14: A Chevrolet Corvette Z06 is shown at the press preview of the 2014 North American International Auto Show January 14, 2014 in Detroit, Michigan. Approximately 5000 journalists from more than 60 countries are expected to attend. The 2014 NAIAS opens to the public on January 18th and ends January 16th. (Photo by Bill Pugliano/Getty Images)
DETROIT, MI - JANUARY 14: A Chevrolet Corvette Z06 is shown at the press preview of the 2014 North American International Auto Show January 14, 2014 in Detroit, Michigan. Approximately 5000 journalists from more than 60 countries are expected to attend. The 2014 NAIAS opens to the public on January 18th and ends January 16th. (Photo by Bill Pugliano/Getty Images)
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Unintended Consequences of The GM Bailout

The largest industrial bankruptcy in history took place on June 1, 2009. GM came to court with $82 billion in assets and $173 billion in liabilities.

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(Photo by Scott Olson/Getty Images)
(Photo by Scott Olson/Getty Images)
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GM: Government Motors, Not the First Bailout to Fail

It’s said that those who refused to learn from history are condemned to repeat it. It looks like the president refused to learn from history that the nationalization of companies rarely work to the good of the public taxpayer.

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(Photo by Mark Wilson/Getty Images)
(Photo by Mark Wilson/Getty Images)
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Earth to Politicians: Business Pays ALL Bills!

How do you think Ford, Nissan, BMW and Toyota feel about the government subsidizing General Motors, — a direct competitor? Does that seem fair to you? Why should Chevrolet make it when the Desoto and Studebaker didn't?

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