MinnEcon

You own it -- you gonna buy GM?

Posted at 12:17 AM on June 22, 2009 by Paul Tosto

Hey taxpayer! Do you feel obligated to spend money on General Motors products now that you (in the short term, at least) are majority owner?

American taxpayers are kicking in $50 billion for a 60 percent stake of the "new GM."

So does that make you more inclined to buy a Chevy? Maybe not if you live in the Twin Cities and feel connected to Ford Motor Co.'s assembly plant in St. Paul, which has been hanging on despite worries of closure.

What do you think? If you're in the market for a new car, does the taxpayer ownership of GM make you more or less likely to buy GM vehicle?

Tell us here. Just share a few sentences and click on the "my money" category.

Check out some of the other stuff MPR's written recently about GM.

June 2009
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