Mickey Doesn't Do Government Motors

California Democratic Senatorial Candidate (and blogger extraordinaire) Mickey Kaus sez:

I like Larry Summers, but does he really think GM repaying $6.7 of the over $50 billion the taxpayers have sunk into it means there is a significant chance for "a return of most of the taxpayers’ investment in these companies"? The $6.7 billion "payback" seems like an obvious PR move designed to disguise GM's ongoing trouble, even as the Obama administration moves to sell its stake for a gigantic loss. ... Truth About Cars' Edward Niedermeyer explained all this back in November. ... If Obama had really made the "politically difficult" decision and forced the UAW to take even a mild cut in hourly wages, the story might be different, of course.

Makes you think twice about the new commercial GM is running claiming to have paid back all the money it got from U.S. taxpayers "with interest."