Dan Akerson2

The $82 billion auto bailout has been a Crony Socialist nightmare mess. We’re going to lose at least $30 billion on the deal.  And that’s only if the Barack Obama Administration’s math can be trusted - a dicey proposition at best. The Administration eviscerated two hundred-plus years of bankruptcy law, throwing bond holders over the side to over-reward their United Auto Workers shock force…

One thing I’ve learned in the year I have spent tracking General Motors cum Government Motors (GM) - and all its Crony Socialist, green non-energy “energy”, flammable absurdities - is the fact that the car media are every bit the Leftist open-channel steno pool as are the political media.   And with President Barack Obama running for reelection in large part on the utterly failed “success” of…

The New York Times today has a piece entitled: Auto Bailout Done, Obama Looks for Payback  Two problems - with just the headline.  Which the Times either ignorantly doesn’t know - or knows and willfully ignores. The auto bailout isn’t “done.”