The best way to 'rescue' General Motors is single payer health care
House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid said in a letter to Treasury Secretary Henry Paulson that the administration should consider expanding the $700 billion bailout to include car companies.
Generally speaking, the right-wing corporate media blames the trouble at GM and Ford on labor unions. I would probably place some of the blame on the fact that GM doesn't build small hybrid gasoline-electric cars, but instead seems to make all of its money off gas-guzzling pollute-mobiles the size of the USS Nimitz.
However, a good case can be made that General Motors and Ford don't make money because the United States is plagued by the greatest bureaucratic waste of money in the history of the world: our for-profit health insurance industry.
