“The government would retain significant control over the restructured General Motors under an Obama administration plan that would allow U.S. officials to directly name or influence the appointments of the vast majority of a new 13-member board that would oversee the company, sources familiar with the discussions said.” (Washington Post, Thursday)
Coming to a showroom near you: the amazing G-car.
FEE Timely Classic
“Socialism Through the Back Door” by William Henry Chamberlin