It's official! General Motors is now Government Motors.
Lucky for us, the world did not end when GM filed for Chapter 11 today. Apparently "too big to fail" has no more meaning.
I'm so happy that $20 billion went to waste and another $30 is going to be poured in.
TPTB should have let it fail and saved the taxpayers. But who cares about the taxpayers?
This means GM will be making the cars Obama wants it to make. I will NEVER, EVER buy a GM car. I actually just did my patriotic duty by buying a Ford (thanks, Mom!).
Anyways, this is going to create conflict in Washington. Senators and representatives will be fighting to keep the factories and dealerships in their areas open.
That's really all I have to say. We've all been saying it all for six months.
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