How credible is Obama's claim that the government reluctantly has gotten into the car business with its taking over GM? I was calling for a GM bankruptcy months ago, I called the initial outlays of cash an obvious case of throwing good money after bad - and I don't know what the fuck I'm talking about! If I knew GM wasn't viable, they must have known - and if so, handing over money to them was??? Creeping nationalisation. Sure, they'll claim that allowing GM to go under at that point was too risky, but I don't buy it: they knew this bailout money was destined to be converted into equity, they were counting on it. I don't have much use for the cries from the bleachers about how Obama is a socialist - still, I have a very strong suspicion that Bo and his boys are sitting there fantasizing about how this is their chance to prove that socialism can work.
Which of course raises an interesting question: what if it does work? What if a government enabled GM rises from the grave and actually performs well in a free market? I know they're getting all moist thinking about it - but could I handle such a sinister turn of events? Naw - it'd fuck me up, man.
