Ok. That’s a legitimate argument based on the merits of the loans themselves, but it is certainly conflicts with your comment @ #18 in which you say GM should have gotten loans.

I guess this is the liberals’ “public option” for automobiles.

Which will be no better than the liberals’ “public option” for health care.

Sinz has once again sailed it out of the park.

Its likely that we see GM as the sole supplier of Government vehicles at a minimum. Then we will see protections, taxes, and tariffs to protect GM. We already see GM offering the never before in history incentive of 6 months money back gaurantee (the Government is backing them, not GM or the UAW).

Its a shame, because GM was successful in every other market. Its North American devision, was run into the ground by the UAW.

My main complaint with the GM bailout is that it uses tens of billions of dollars of taxpayer money for something that (unlike the credit markets or the aerospace industry) has NOTHING WHATSOEVER to do with U.S. national interest.

GM is finished, kaput. It exists under U.S. government ownership indefinitely because it can’t produce cars Americans want to buy. (In 2006, Consumer Reports stated that ALL TEN of their ten top-rated cars were from Japanese auto makers.)

So exactly what are we taxpayers paying for? We’re paying to give GM workers make-work jobs so they can continue to build the same crappy, unsellable cars they’ve been selling till now. And GM will never, never, get privatized again. It’s a permanent “zombie” corporation, a national embarrassment that Obama can’t pull the plug on without alienating his AFL-CIO supporters.

There is NO NATIONAL INTEREST, none whatsoever, in spending zillions of dollars to keep GM workers drawing paychecks. The worst that would happen, if GM flopped under Chapter 7, is that those assets would be sold off–to Japanese or European automakers–and maybe THOSE managers could figure out how to build cars that Americans want to buy.

I love a world where defense contractors are held up as the paragon of American capitalistic virtue. Ha!

I’ve read a number of your comments today … so yeah, I have had a double helping of stupid. Perhaps even a triple.

Restrictions on trade for National Security reasons.

Did you have a double helping of stupid today?