Saturday, May 30, 2009
Well, at least we can call it nationalization now. Seems like a long time ago when the politically correct were saying, oh, it is not nationalization. It's just a loan! Now, Uncle Samantha is going to own 70 percent of our great American Brontomanufacturus, and if that's not nationalization, I don't know what is. And $50 billion? Goodness, this is starting to seem like real money. Still, it will be a useful experiment to prove government can do an even worse job than GM did already. We may get something out of this -- a concrete symbol of our time, the way the Yugo was an expression of Yugoslavian socialism, the kind I was taught in the 'seventies we should get all dewey eyed over. God, those of us who lived through the seventies could tell you lots of reasons not to do it again, but whatever. I predict a green car few people will want to buy, even at a highly subsidized price, but we'll see. It's interesting that even the Washington Post is starting to ask WTF is going on here.