Saturday, March 14, 2009

Steyn on GM

Mark Steyn, writing in the Orange County Register, on the mess that is General Motors (scroll down) where a firm with 96,000 employees pays for the health insurance of a million people:

In fact, selling cars doesn't help, as they lose money on each model. GM is a welfare project masquerading as economic activity.

The blame for this wonderful state of affairs rests equally with the United Auto Workers and GM's gutless management.