Fannie Motors

The National Review reports:

All three Detroit automakers now share the same GSE structure (public mission, private ownership) that failed Fannie and Freddie. Going forward, the automakers’ missions are A) to provide health care, benefits, and high-wage employment to the United Auto Workers union, and B) to build the little green cars that President Obama and the Democrats want them to make, and the American people do not want to buy (at least not from Detroit while Japan makes them better for less). In exchange, the Big Three will continue to enjoy implicit and explicit taxpayer support. Even Ford, the only company that did not take bailout money, is expected to help itself to some of the $25 billion in loans that Congress set aside last year to help Detroit retool for its green future.

An article well worth your time.