“Government Motors,” doing business as General Motors (GM), recently concluded the biggest initial public stock offering (IPO) in United States history; it raised about $20 billion. The dog and pony show which promoted the offering was timed to coincide with the elevated level of public scrutiny following mid-term elections. President Obama commented on the big day. He saw a “pay off” after two years of making “tough decisions”. (It must be emotionally draining to condemn taxpayers to decades of penury with bailouts and privileges for the few, while hamstringing the economy with more regulations, taxes and other curtailments of liberty … Continue reading Plan B?