GM: General Motors to Government Motors.

After $20 billion in charity from Obama with another $30 billion in charity to follow, we have General Motors evolving into Government Motors. What are the chances that the taxpayer will ever see any of this $50 billion?
The General Motors officers, Boards of Directors, management ranks and UAW union officials created their own disaster built up over decades through:
1. personal greed in wages, benefits and work rules to swell both the union and management ranks and add to non-competitive costs,
2 bad contracts agreed to by management and union alike that gave cumbersome and inefficient union work rules that add to non-competitive cost
3. bad contracts that gave outrageous union benefits that add to non-competitive cost,
4. bad management decisions in automobile design that sent buyers to foreign cars,
5. bad management decisions in building inflexible factories that squandered precious capital and made the companies less agile,
6. bad control of quality that made GM cars undesirable and created a poor reputation that still prevails
7. bad corporate organizations with too many redundant products lines adding unnecessary cost customer confusion7. bad market research on what to design and build in the future
8. bloated management ranks that add to noncompetitive costs
The same people, minus a CEO, and culture that created this disaster remains in place even though they have had to shed some of the excess baggage with the government's gun to their head. So, the bill for each man, woman and child in the Unitd states is about $160. Of course Obama could have let GM fail in the normal process for a free-market, that is file Chapter 11 without any bailout. Instead we will all wind up paying for Governemnt Motors through hidden federal gasoline taxes or through inflation for the "borrowed" $50 billion.