It's official - GM has gone banko and the the Feds will soon own a majority share. Great. Here come Yugos and other quality vehicles! If the Feds wanted to loan to GM - fine, especially if the company went through bankruptcy first and shed its non-viable labor contracts. But the purpose isn't to help GM - it's a payoff to the UAW to assure the union's political support. Playing political games with one of the biggest American companies and massive amounts of taxpayer money is inexcusable. Not to mention what it does to Ford, who is trying to play by the rules. I will never buy a car from the Government Motor Co. and I hope you will join me in that resolve.
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