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December 16, 2010

The new GM? A lot like the old GM

And, like The Who, we won't be fooled again.

Living off SUVs? Check.

Not that "green"? Check. (See Volt, the hybrid that Chevy said wasn't, and that costs $8K more than the Nissan Leaf.)

Relying on rebates more heavily than Japan? Check.

None of this is surprising to those of us who raised our eyes at the bailout of GM and Chrysler, as well as raising our eyes at Obama's bloviating claims for what this means.

As Mr. Niedermeyer points out, Preznit Kumbaya has gone silent on "green" GM in a big way, now touting only the profit bottom line. That said, Niedermeyer also points out that bottom line is being short-term inflated so GM — I'm sorry, the "new GM" — can get off the government dole.

Of course, that may not happen quite so quickly. Besides, the detritus of old GM, while technically not "bankrupt," has gone to die the death of a thousand limbos.

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