Obama now owns 60% of General Motors.

After a rough few months in financial distress Generam Motors finaly declares bankruptcy. This is bad news for many share holder and employees. But rest assured The President of The United States now owns 60% of Americas largest auto maker. Phew, Talking about power. Obama and several others who now own huge portions of GM have stated that they plan to return the shares once the company is back up and running.

I think this is the first time a president has owned majority share of a major corporation. It sort of baffles me but I put my hope into obamas skill as a leader.

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