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Showing posts with label Obama administration. Show all posts
Showing posts with label Obama administration. Show all posts

Monday, November 29, 2010

Epic. Success.

I'm quite sad to report to all my libertarian and conservative friends that the government takeover and restructuring of General Motors has been a whopping success. Shares surged in their debut on November 18, 2010. As of today, they are trading at 33.80. This is a much bolder offering than was originally thought possible. In addition, it has allowed GM to trim the government's stake from 61 percent to 26 percent-much faster than expected.

There were many predictions of doom/gloom coupled with the usual boiling pit of sewage rhetoric but none of that has happened. Rest assured, though, I won't be holding my breath that any of my right leaning commenters are going to admit that they were wrong. In the final analysis, it doesn't really matter. What had to be done was done and, like many actions that the Obama administration has taken, success was the result.

See what can be accomplished when one doesn't have anaphylactic reactions to government?