Big Win for the Obama Administration
First Read : “The biggest political story that few are talking about right now? GM’s initial public stock offering, which is set for this Thursday. Looks like it’s going to be a big success and a case where the government may just make money on this deal. This has the potential of being a very good story for the Obama White House, as well as a success of government intervention. How does Team Obama try to sell it? This could be the White House’s next (or last?) best chance to sell their intervention. Where would the unemployment rate be in Michigan, Indiana, Illinois, Wisconsin, and Ohio if GM not gotten major government assistance?”
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