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Just to clarify my position without the half-sentences and one-liners. I am fully in favor of GM being a strong company that competes freely in the market place with product that the consumer market wants. That is evident by the 2010 2SS I have sitting in my garage. A bankruptcy procedure that was done as they historically are, i.e. without the purse strings held by the Federal Government, would have allowed GM to come out the other side with NO strings attached and probably better equipped to compete in the long term. That of course is speculation and the reality is we have the situation that exists now. I'll dare not to get into the Union component of the whole fiasco but will say I fully support every person that shows up at a GM office or plant everyday with the intention of developing product that the marketplace wants while at the same time supporting themselves, their family, and their community.
The principle I tend to not "loosen" on is Unconstitutional government intervention, it sets a very bad precedent going forward. Is this the first time it has happened, obviously no, is it the last, probably not, doesn't make it right, and the scale is broadening. When the government decides who the winners and losers are (ala bail out Merrill, Goldman, Citi, but let Leehman Bros. perish) how truly free in the private sector are we?
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