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Are shares of General Motors (GM -0.5%) suffering from the election-year blues? Derisively...
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Monday, August 27, 2012, 11:37 AM ETAre shares of General Motors (GM -0.5%) suffering from the election-year blues? Derisively called Government Motors at will, the automaker increasingly catches flak for seemingly-innuocous moves in key election states such as Ohio, Michigan, and Pennsylvania. GM maintains its decisions aren't influenced by the government and that it sells cars to Republicans, Democrats, and everybody in between - but the conspiracy theory debate rages on. For investors, the issue is at the very least an irritation, and at most another headwind to contend with.
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Their phantom war against Toyota when the bailout of GM was in full swiung was fortunately pushed back to a non event.
Chicago-style politiics boil down to two words: "Where''s mine?" And the administration has crafted this phrase finale into an art form at the expense of the American people sans welfare Kings and union thugs.