Friday, July 10, 2009

GM Exits Bankruptcy

That was blisteringly fast.

Normally, you can't go through a re org for an ice cream stand this quickly, but they will be back, courtesy of Congressmen who are bought and paid for by automobile dealers.

221 of said legislators have cosponsored a bill reversing GM and Chrysler's cutting tyheir dealer rolls.

It's not surprising. Auto dealers are always big political donors, having their thumbs on the scales is part of the business model, so now they are showing their clout.

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