Forbes has posted a reply by Joann Muller to the column I linked yesterday which asked whether GM was headed for bankruptcy again arguing that there are signs of hope. With respect to her observations about GM’s growth in China, it appears that most of those cars will be manufactured in China as well. I don’t have any problem with that, of course, but Paul Roderick Gregory challenges that it raises questions about recent outsourcing rhetoric and the wisdom of losing $25 billion to bail-out GM.
Senator Blutarsky responds to Muller here and adds a few more thoughts about GM’s future here. He also argues here that even the estimate of a $25 billion loss on the auto bailouts is understated. I have not tried to independently confirm his calculations or analysis (nor with Muller or Gregory), I here just pass it all on for the interested reader’s consideration.