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Cracker Squire

THE MUSINGS OF A TRADITIONAL SOUTHERN DEMOCRAT

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Location: Douglas, Coffee Co., The Other Georgia, United States

Sid in his law office where he sits when meeting with clients. Observant eyes will notice the statuette of one of Sid's favorite Democrats.

Friday, August 06, 2010

Who cares what you want. You shouldn't have taken the money then. 'We want the gov't out, period. We don’t want to be known as Government Motors.'

From The New York Times:

Eager to rid his company of the stigma of being government owned, the chief executive of General Motors, Edward E. Whitacre Jr., said Thursday that G.M. wanted Washington to sell its entire stake during an initial public offering.

“We want the government out, period,” Mr. Whitacre said in comments after speaking at an automotive conference in northern Michigan. “We don’t want to be known as Government Motors.”

Mr. Whitacre dismissed concerns by some analysts that G.M. was moving too fast. Many have speculated that the Obama administration, whose decision to help G.M. and Chrysler last year was widely unpopular, wants the offering to occur before the November elections.

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