And with last year's major restructuring of the industry both on the American taxpayer's dollar and according to the priorities cited by the federal government, criticism both for the government and the industry have been considerable. With this week's article by the Wall Street Journal, the fire of public hostility will be given yet more kindling. This invokes one of the key points of public criticism for the federal government's handling of the global and domestic financial crisis. It is largely the view of many sectors of the public that major firms such as GM are significantly responsible for the current state of the economy. That the government appears to have shown such favoritism toward the private sector even as so many segments of the public struggle to...

The rationale is that this attraction to investors will ultimately render greater profitability than the lost revenue implicated by $45 in tax moneys. Further, the argument produced by the government is that a failure to intervene on all levels would have rendered GM inoperable, a status which would have carried its own extensive losses and consequences for the broader economy.
Works Cited:

Smith, R. & Terlep, S. (2010). GM Could Be Free of Taxes for Years. Wall Street Journal.