Paul Ingrassia at the Wall Street Journal points out that the GM deal would put the Obama administration and the UAW in the driver's seat at GM with a combined 90% interest.
The problems with that are legion, first of all is the issue of fairness to other car companies, Ford, Toyota, BMW, etc. who don't have such a deep pocketed parent.
I wonder if Americans would countenance such blatant lack of fairness. As much as I like what GM is producing now, but I would never support an anti-competitive situation like that.
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