GM polishes its plan

As the government’s deadline approaches, GM is putting the finishing touches on its plan for profitability.  The plan is for the government to keep giving GM money:

General Motors Corp., nearing a federally imposed deadline to present a restructuring plan, will offer the government two costly alternatives: commit billions more in bailout money to fund the company’s operations, or provide financial backing as part of a bankruptcy filing, said people familiar with GM’s thinking.

This is a good plan, from GM’s perspective.  For the rest of us, I think it’s time to post this again:

big-3-bailout1

(Via Boing Boing.)

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