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I'm glad to see Obama's not just waiting for Jan 10 to get busy.
I'm not sure how glad I am that he wants to bail out the auto industry. Not that I want all those auto workers to lose their jobs, of course... but when an industry deliberately and deviously takes advantage of the public on multiple fronts (environmental, social, economic), bribing the government to do it, I have a really hard time accepting that we ought to help them at all... I actually want to see GM fail.
Having said that, I wish I had an alternative... but short of outright Federalization of GM, or one of the other (probably foreign) automakers buying them, I can't think of a thing. I'd probably feel better if I thought the people directly responsible for GM's policies would be stripped of their positions (and most of the millions in earnings they've been squirreling away), and a new board and directors were to be put in place to lead them in a sensible direction.
But since I don't expect that to happen, either, I'm left with a very sour taste in my mouth about the whole thing.
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