Here is the direct link to the GM article.
http://www.forbes.com/sites/louiswoo...kruptcy-again/
How can this be? Ri(di)ot has listed the GM bailout amongst the Obama Adminstration successes.
What is sickening with this socialist move, unlike those in the free market Obama is playing with taxpayer money. Because of that instead of admitting the colossal failure of this bailout, he is going to gamble with taxpayer money until the stock is worth nothing.
Under our free market system, GM must be allowed to fail since it is unable to place a competitive product in the market, in large part due to the absurd labor costs for which unions are responsible. Much like the airline industry, if GM exits the market, innovative startups will enter the market and replace the jobs lost by the GM failure with competitive products assuming the unions can be cut out. That is what a free market does.
Rumor has it that Obama has directed GM to hold off on bankruptcy until after the election.