As the U.S. government escorted General Motors into bankruptcy court Monday with a deal giving taxpayers 60 percent of GM stock, a new survey reveals that most Americans would rather own a majority equity stake in Toyota.
According to a new Gallup poll, 87 percent believe Toyota's stock to be a better deal than GM's, due to the superior safety features, reliability and even the design of the Japanese equities.
A White House spokesman said, however, that the President Barack Obama has taken the AFL-CIO pledge to "Buy American" as the federal government takes over automakers, financial firms and other companies along a broad spectrum of business and industry.
June 2, 2009
As long as the taxpayers are going to own an automotive company...
...why not own a company that makes cars that people actually want to buy? Satire from Scott Ott: