50 billion =60% of GM= Sick man of the West

The UK in the 70s drunk on gov money, the USA making the same mistake! At the end of the day the Obama Administration will have to give more money to General Motors or should that be Government Motors. This US Government support for a Car Manufacture distorts the industry, President Obama stated this afternoon that his Administration would not interfere in the decisions that GM would have to take in the future after it comes out of Bankruptcy, but the Obama Administration wants GM to produce cars that fits its Green polices, in the long term it might be wise to move to electric cars, but in the short term can the middle class afford electric cars or fuel efficient cars, President Obama stated the following this afternoon, " In short, our goal is to get GM back on its feet, take a hands-off approach, and get out quickly..." But the President later stated the following, " So I'm confident that the steps I'm announcing today will mark the end of an old GM, and the beginning of a new GM; a new GM that can produce the high-quality, safe, and fuel-efficient cars of tomorrow; that can lead America towards an energy independent future; and that is once more a symbol of America's success. " Thus GM is an arm of the Obama Administration, lets recall the UK in the 1970s folks, Government was a major player in Industry, the result a disaster, and millions out of work when the Governement stoped the Spending. Thus Obama is Old Labour, thus as with New Labour, the New Democrats of Bill Clinton have been thrown off the cliff by the old guard big city Liberals. This is why Obama will lose in 2012.