Well now that the Obama administration "owns" a clear majority in the automaker General motors I still try to understand their motives in doing so, rather than letting the company follow a standard chapter 11 bankruptcy. They say because the ramifications would be closing many factories, and many job losses, as far as I can see this is what is happening anyway. We also hear that the government is the silent partner in all of this, which best reflects the best interest of the American tax payers? I am not sure, the one thing I do know is that as the free market stands even if the government does dictate the type of vehicles GM and Chrysler makes people still have the right to buy what they want and if it not a GM then no amount of government involvement will help sell cars people do not want.
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