GM FAILURE – GOVERNMENT SUBSIDIES, NOT FREE MARKETS

TRAGEDY MIGHT HAVE BEEN AVOIDED IF GM HAD LISTENED to the MARKET, RATHER THAN the OBAMA ADMINISTRATION.

GOVERNMENT SHOULD NOT PICK WINNERS and LOSERS 

SUBSIDIES are the GOVERNMENT SUBSTITUTING ITS JUDGMENT FOR THAT of the MARKET PLACE.  

BY IGNORING the SUPPLY-and-DEMAND SIGNALS of the MARKETPLACE, IT ONLY MADE GM’s PROBLEMS WORSE.