…kill GM and Chrysler? Not single handedly, but it may have proven the fatal blow. Between that, and the fact that so many consider them Government Motors, and run by union thugs, they may never recover. The question is, what does the administration come up with next to punish Ford and level the playing field?
[Update a few minutes later]
More thoughts from Mickey:
…they seem to have grossly misperceived consumers’ reaction to the equities of the bailout itself. And that 45% can’t be all Republicans.
Nope.
I also have to say that this saddens me immensely, having come from a GM family (and having a brother who still works there). If they do go under, I hope that someone can take the assets and do something more productive with them. But that might also require an overhaul of the government in Lansing, and I’m not sure what the prospects are for that.
[Update mid morning]
Speaking of my last point: Michigan’s budget train wreck. And to think that some people a few years ago (and maybe even now) were bewailing that pesky Constitution that didn’t permit darling Jennifer to run for president.