New at Reason: Shikha Dalmia on GM's Phony Bailout Payback

GM CEO Ed Whitacre announced in a Wall Street Journal column last Wednesday that his company has paid back its government bailout loan "in full, with interest, years ahead of schedule." But as Shikha Dalmia writes, before belting out their victory aria, GM-boosters ought to hear the whole story—not just the fairy tale version about Government Motors' grand comeback that Whitacre is feeding them. In reality, Dalmia notes, the company is simply setting the stage for another taxpayer shakedown.


Get Reason's print or digital edition before it’s posted online

  • Video Game Nation: How gaming is making America freer – and more fun.
  • Matt Welch: How the left turned against free speech.
  • Nothing Left to Cut? Congress can’t live within their means.
  • And much more.