So what else is GM other than a car maker and lender of money?
Its value IS to be "bailed out". I say this in all seriousness.
It's a huge interface with millions of voters- and their livelihoods, savings, pensions, debts, mobility, their health...
The only thing that makes GM valuable at this price is that it is a ready made conduit, all set up. What for?
Delivering loyalty payments from "the government" to reliable voters.
Tuesday, March 31, 2009
Talk to the Invisible Hand.
Staghounds on what General Motors' actual function is:
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My only solace is that the standard deductions exceeded the amount of my income which was subject to taxation.
Zero got zero from me.
Truly a thankgoddlemighty moment.
Art
I like Mark Steyn's take: "General Motors, like the other two geezers of the Old Three, is a vast retirement home with a small loss-making auto subsidiary."
What Les Jones said.
Look up "Railroad Retirement Board." That's the future for GM retirees, right there. And for the rest of us, too.
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