The government is going to give GM tens of billions of dollars more. That's on top of the other bling-bling they already gave back in November and recently to Chrysler. This from the Washington Post:
"The Obama administration is preparing to send General Motors into bankruptcy as early as the end of next week under a plan that would give the automaker tens of billions of dollars more in public financing as the company seeks to shrink and reemerge as a global competitor, sources familiar with the discussions said."
Why not just give GM an IV with a tube that goes right to the U.S. Treasury? Or, the Treasury can lay the money on a special table in the same room with Al Gore's old social security lockbox. GM staff can just come in every few days as they need.
Friday, May 22, 2009
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