I was struck by GM’s new ad: “Volt, the Car America Had to Build.” These words are poorly chosen but revelatory of where things stand. The ad masters probably did not know what they were saying, but General Motors is now officially “Government Motors.” Yes, after Obama's bailout, GM indeed MUST produce the Volt. Its job is not to build the best and most competitive cars, nor to create value for its shareholders. Instead, GM’s task is to serve the interests of America (read: the Obama administration).
And pundits wonder why such a large percentage of Americans stands in fear of Obama being reelected.