TO BE A RIGHTWINGER...:

GM shares jump after record public offering (Paul Adams, 11/18/10, BBC)

It's thought the government will have to sell its remaining stock at around $50 a share for several years to recoup its investment.

But the bailout was never only about GM. The Obama administration argued that the entire American car industry, with all its associated businesses, was at stake.

So far, the evidence suggests that something is working.

A general revival does seem to be under way, at least in terms of the profitability and competitiveness of the companies involved.

But the cost has been huge: tens of thousands of workers were laid off, plants closed, familiar brands ditched and auto dealers told to look for other work.

...is to not care about any of that and dwell on the bondholders, who got treated by Democrats the way we would have treated the unions.

Posted by Orrin Judd at November 18, 2010 10:23 PM