"I'm a Colin Powell Republican not A Sarah Palin Republican," says the new CEO of General Motors, Dan Akerson. Good! Sarah Palin would be embarrassed by Mr. Akerson's support. Mr. Akerson illustrates the danger of being nice to some people. After the American taxpayers have been good enough to to bail his failing company out of bankruptcy, breaking 200 years of property rights precedent in the process, it seems they have not done enough for General Motors. To "nudge" Americans into buying more efficient automobiles Mr. Akerson thinks it would be a grand idea to raise the gasoline tax by $1 per gallon. This at a time when Americans struggle to come up with enough money to keep their cars operating.
Oh, but it gets better. The US government still holds 500 million shares of GM stock and Mr. Akerson would be happy if the government would only dump the $12 billion worth a stock and gag down the loss since the relationship has become tiresome and he thinks the federal ownership is depressing the value of the stock. He will probably get his wish because the Obama is thought to be considering dumping its stock soon-at a loss to the taxpayers-because it has become a political liability. Maybe it always has been a political liability but as the elections near it is more acute.
If the public is confused about the debt repayment it maybe because it listens to the President too much. Mr. Obama's weekly radio address earned three Pinocchio's, denoting "Significant factual error and/or obvious contradictions" from the Washington Post's fact checker.
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