US nationalizes Chrysler, GM auto warranties

From The Wall Street Journal:

To assure consumers reluctant to buy GM or Chrysler cars, the government plans to take the unusual step of guaranteeing all warrantees on new cars from either company. These guarantees would lapse back to the companies once they return to health.

• For those of you on the conservative side of things: Can you imagine what it will take to get your warrantee covered by the Feds?
• For the liberals: They’ll pay to repair the car but not the owner?

Coming next: “Free bailout with every purchase!”

Steve Hartley nails it: “GM = Government Motors. What could go wrong?”

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