“General Motors Corp. became the second-largest industrial bankruptcy in history Monday as it filed its landmark case, with President Barack Obama predicting the humbled corporate titan will emerge from Chapter 11 “a stronger and more competitive” company within months…. Chief Executive Frederick ‘Fritz’ Henderson appealed to consumers to ‘give us another chance.’” (Wall Street Journal, Tuesday)
Another chance? Is there a choice? Has he not heard he’s getting $50 billion of the taxpayers’ money?
FEE Timely Classic
“Fiscal Force” by Sheldon Richman
