GM’s Big ‘Success’

November 22, 2010 03:40


General Motors isn’t a success. Nor will it be until the government is no longer involved in its business and it can stand on its own two feet without taxpayer help.

IBD Editorials

EXCERPTS:

But was it a success, really? And is the revived GM positioned to regain lost market share by pioneering a booming new industry for green cars?

The answer to both questions is no.

It was another useful lie, a fraud, all intended to show GM on the mend, thanks to the help of the federal government. But it goes beyond even that.

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