GM farce

The bailout of the unions and favored political allies of the Democrats by the bailout of GM has established a destructive and perhaps ruinous precedent for American business and businesses.  The way this bailout was conducted was ridiculous.  Now Obama is claiming victory as GM showed a profit and is conducting an IPO.  Good luck.
a couple of quarters of profitability does not constitute a trend.  Once the huge cash infusion (50 billion) wears off and the company has to operate on the basis of its own cash flow, we'll see, won't we now?  As this article points out, the real problem here is the precedent and the trampling on bankruptcy laws and the rights of bondholders that the administration trashed.  F****** thugs and socialists!