Glancing at the Wall Street Journal today, I couldn’t avoid seeing these projections about the new ownership composition of General Motors:
US Government – 50%
United Auto Workers – 39%
Everyone Else – 11%
Can you imagine a company majority-owned by Government bureaucrats and the UAW? It almost sounds like an Orwell novel… I’ll bet you’re just rushing to go out and purchase a new
Pontiac… err Saturn… I mean Hummer. Never mind.
I can’t see this being a positive move for GM or the auto industry.