GM--Where Are the Democrats Now?

Great news for General Motors Investors.

GM Earns $891 Million, Double Analysts' Estimates

Pickup trucks parked on a lot in La Mesa, California
July 31 (Bloomberg) -- General Motors Corp., the largest U.S. automaker, reported a second-quarter profit that was more than double analysts' estimates on rising sales in Europe and reduced spending in North America.
GM earned $891 million, or $1.56 a share, compared with a net loss of $3.4 billion, or $5.98. Detroit-based GM almost broke even in North America.

But what happens when the democrat liberals see this news? Will they demand that GM pay a windfall profits tax, just like the oil companies? Okay GM didn't make billions like energy companies, but the logic behind what the national liberals have proposed is the same: if you make profits, government knows how to spend it, not the business that created the profit.
Maybe it's time for the liberals on the other side to realize that GM and energy companies don't make profits because it's easy they make profits because its hard. And the people that will benefit from this earnings of $891 million isn't some corporate head, but the stockholders, who invested in the company at their own risk. Over the past few years it hasn't been good news for GM when they lost money, and the liberals and others offered now help with a government subsidy, but when the motor giant is flush with funds, the liberals on the other side have a great idea where the money should go: to them for government to spend.
Nope, it should stay in the company to pay dividends and create more jobs. Sadly, you won't hear the congressional liberals who blasted the energy companies making these arguments, and you probably won't hear many conservatives making the point either, too bad.