William Spain at MarketWatch.com is telling the story that the Obama Administration is refusing to sell its more than 25% ownership in General Motors despite the fact that private investors and the company's leadership want it to. Among the problems with government ownership cited by GM leadership is the difficulty in attracting top talent while working under pay caps and restrictions.
Fascism or Socialism? It's All The Same Result...
Did they really think that all that money would come with no strings attached? Now GM is reaping what it sowed. The only thing that might make the Obama Administration give up its control of the company would be the political expediency of pointing to the return of GM to fiscal health and private ownership just before the election.
Fascism or Socialism? It's All The Same Result...
Did they really think that all that money would come with no strings attached? Now GM is reaping what it sowed. The only thing that might make the Obama Administration give up its control of the company would be the political expediency of pointing to the return of GM to fiscal health and private ownership just before the election.
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