Even More "Failure" at GM

General Motors has just posted its first full year profit since 2004.

They posted a 4.7 billion dollar profit for 2010.

"I'm not sure anyone would have predicted a year ago that GM will deliver net income of $4.7 billion," Chairman and CEO Dan Akerson said Thursday. The annual profit, fueled by strong sales in China and the U.S. as the global auto market began to recover, gave GM its best year since 1999, when it made $6 billion at the height of the pickup truck and sport utility vehicle boom.

Pretty great considering where they were. So...are we still sticking to the story that "Government Motors" is a failure?