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The new GM: government made: socialist Sweden refused to bail out its pivotal automaker Saab, yet our government jumps at the chance to own GM.(ECONOMY)(General Motors Corp.)

The New American

| April 27, 2009 | Scaliger, Charles | COPYRIGHT 2009 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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There's something fundamentally wrong with the world when a country known for being the very embodiment of Old World socialism--Sweden--serves up an object lesson in capitalism to the United States. Amid all the global furor surrounding government bailouts, rescue packages for corporations deemed "too large to fail," and scandalous executive bonuses shelled out with taxpayer dollars, tiny Sweden has been quietly doing the right thing where its own pivotal domestic automaker, Saab, is concerned.

These days, Saab happens to be a GM subsidiary, but no matter: the maker of oddly styled but reliable sedans is on the verge of bankruptcy, ...

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