GM seeking more rents
General Motors Co. CEO Dan Akerson, who wants higher gas taxes, describes himself as a “Colin Powell Republican”. Actually, Akerson looks more like a crony capitalist beholden to his masters in Washington. GM needs higher gas taxes to make the Chevy Volt and future politically-designed vehicles profitable. Having been rescued from the marketplace once, GM wants future protection.
[Letter to the Editor - The Detroit News. Published 06/28/2011.]