GM comes out of bankruptcy

Wow that was quick... So quick I guess most of you didn't even see GM and government pull the wool over the eyes of GM's creditors. Basically GM sold its assets to the a new GM owned by the union and the government and totaly f'ed any creditor the old GM owed money to.

This will be strange bedfellows. A leaner meaner General Motors Company (new name), will be owned by the Gov'ment and the UAW. Watch this combination... We might as well change the classification the new GM to not for profit. They will make cars for the people by union labor that is overpaid and inefficient, for owners that don't really know that they own the company (taxpayers).

Here are my predictions. In addition to selling cars on ebay, Each model will have it's own Facebook page. 'B' lite specials will go out via twitter (sorry Kmart). After profits suck for a while the government will pass legislation for tax breaks if you buy a bailoutmobile.

Just goes to show you, Truth is stranger than fiction