Government Motors (GM)
Larry Kudlow continues one of the points I’ve been trying to make over at the National Review online:
And with CAFE mileage standards ratcheting up — all while GM is going down — Team Obama’s green vision for the economy will soon be crystal clear. With President Obama in the driver’s seat, we’re going to get little green two-door cars that most folks won’t want to buy.
Even worse, UAW chief Ron Gettelfinger has made it plain that his powerful union won’t let these cars be manufactured in low-cost non-union plants overseas. The result? Obama’s little green cars are going to be unprofitable as well.
Now that the American taxpayers own 60% of GM, it would be nice if our elected officials would let them make cars that actually sell so we can get our stinking money back. (Which never should have gone to them in the first place.)