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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (307537)5/29/2009 12:31:15 PM
From: miraje2 Recommendations   of 793757
 
Eventually, the government hopes, GM can return to profitability, which would allow the government to sell its GM stock. But the risks for taxpayers are daunting, with U.S. auto sales near their lowest level in 27 years.

I doubt that profitability for GM is going to happen, the way the dice have been cast. GM's profit comes from selling the kind of cars and trucks that the latest CAFE standards are going to kill off. GM can't make tiny econoboxes in the US that will sell for a profit. And the UAW will attempt to block any new econoboxes from being built and imported from places like China.

It will be interesting to watch the battle between two of the Dems major constituencies, the greedy unions and the "global warming" econuts. They both can't have their cake and eat it, too...
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