Feature

GM's new owners

Will Americans buy General Motors' cars now that they own most of the company?

"We're all GM families now," said Eugene Robinson in The Washington Post. Under the restructuring that sent General Motors into bankruptcy court, American taxpayers own 60 percent of the giant, money-losing automaker. President Obama promises to "leave management of the company to professionals," but this is just a "temporary reprieve" unless the professionals wise up and start producing the hybrid SUVs Americans want to buy.

Rest assured, said Larry Kudlow in The Washington Times, GM— "Government Motors"—will crank out the "little green two-door cars" that President Obama wants, but "most folks won't want to buy." And with the United Auto Workers union insisting that the vehicles won't be produced in low-cost union plants overseas, "Obama's little green cars will be unprofitable, as well."

Give Obama credit, said the Los Angeles Times in an editorial. He's giving GM another shot at building cars that will sell. "If the restructuring goes through as planned, GM will owe the administration some thanks for pushing unions, creditors, and company management to make the profound changes needed to become competitive again."

Merging with the federal government won't make GM "more like successful car companies," said David Brooks in The New York Times. It will make it less like them. And Washington will never pull the plug now that it owns GM, even though a company that has to "serve two masters, the market and the administration's policy goals," can't succeed.

Recommended

Nobel Peace Prize awarded to activists in Russia, Ukraine, and Belarus
Center for Civil Liberties
Democracy and Resistance

Nobel Peace Prize awarded to activists in Russia, Ukraine, and Belarus

What OPEC's latest move means for Biden and Putin
A gas line.
Picture of Joel MathisJoel Mathis

What OPEC's latest move means for Biden and Putin

Thailand daycare massacre leaves 37 dead, including children
Police guards daycare
tragedy

Thailand daycare massacre leaves 37 dead, including children

Brittney Griner is 'very afraid' and at her 'weakest moment,' wife says
Brittney Griner
#FreeBrittney

Brittney Griner is 'very afraid' and at her 'weakest moment,' wife says

Most Popular

Survey reveals less than half of Americans plan to get flu shot this season
influenza vaccine syringe photo
Masks trump flu vax

Survey reveals less than half of Americans plan to get flu shot this season

Russian war bloggers warn Ukraine is threatening Kherson defensive lines
Ukraine inroads in Kherson
War on the Rocks

Russian war bloggers warn Ukraine is threatening Kherson defensive lines

Lizzo invited for an encore flute performance at James Madison's home
Lizzo
play it again sam?

Lizzo invited for an encore flute performance at James Madison's home