In this case you can expect any district that has a GM plant closing to start to shout, and why not ? They paid for gm they have a right to expect a payback. Then it will be why doesn’t my district have GM business ?

Then as GM fails to turn a profit at whatever it will be calling an automobile you can expect legislation to hobble anyone competing.

The Administration promises to wield a light ownership hand, but it’s only a matter of time before Congress starts to micromanage GM’s business judgments. Every decision to close a plant will be second-guessed, much like a military base-closing.

I thought they would wait at least a week first.

http://www.washingtonexaminer.com/politics/Will-the-GM-bailout-be-Obamas-tipping-point-46675572.html

During a telephone briefing with reporters the night before Obama’s speech, a senior administration official made the point even more explicitly. “The government will not interfere with or exert control over day-to-day company operations,” the official said. “As a shareholder, the government will limit what it votes on to core governance issues, particularly the selection of the company’s board of directors; major corporate events or transactions.”

The bottom line: No government interference with the automakers, unless it involves a “fundamental corporate decision,” or the selection of the companies’ boards, or a “major corporate event” or some important transaction. Obama has placed a giant asterisk next to his pledge not to run GM and Chrysler.

Promise from a Democrat are like are like a canoe made of cardboard..

We need more learned discourse from 538.com, Sean Parnell, and all the statistical whiz kids on why this is bogus.

These companies will need continuous federal funding to keep operating because they probably won’t be able to produce automobiles that people will voluntarily purchase. ( for a look at what the GM product line might look like in 2012 – and perhaps for a laugh – you can look at: http://firstconservative.com/blog/political-humor/political-humor-general-motors-in-2012 )

Frank, Obama and Company have never operated a business and Obama Himself has never had a real job where he was responsible for producing a product that people want.

GM. ACORN all peas in the pod now. GM has been “given” $50 Billion yet Barney Frank has the gall to step-in and “save” his
new GM buddies? I wonder what kind of car old Barney drives???
Or should I say what kind of car does his chauffeur drive?