And by extension – tanjit – the federal government:
I’d forgotten that in April, 2010 President Obama told the nation (in his weekly radio address)
“It won’t be too long before the stock the Treasury is holding in GM could be sold ….”
Two years later, the Treasury still owns more than 26% of GM. The stock price of the dramatic administration success story is too low to sell without taking gigantic, embarrassing losses.
I know that Mickey Kaus likes being a Democrat, but at some point you simply have to admit that you didn’t leave the party; the party left you.