"Government Motors" indeed

(Via the Drudge Report)

We're all going to need to be more careful about our jokes.

General Motors Corp's plan for a bankruptcy filing involves a quick sale of the company's healthy assets to a new company initially owned by the U.S. government, a source familiar with the situation said on Tuesday.

A number of thoughts on this one, in no particular order:

• Great, that's one more brand I don't have to look at if I ever have the money to buy a new car again.
• I'm getting sick and tired of private profits but socialized losses.
• I wonder if the US Government will sell those "healthy assets" to the UAW. After all, the own Chrysler, why not GM as well?
• How the hell is this constitutional? And why has no one with standing filed a lawsuit?

I want to be an optimist, but it's getting pretty hard....