Sen. Shelby: GM Puts Country On "The Road To Socialism"
AP: Shelby, ranking Republican on the Banking Committee, argued that the financially beleaguered GM could have saved "lots of money" if it had chosen six months ago to file a Chapter 11 bankruptcy petition. "What I worry about" is Washington's large interest in the company, the senator said in a nationally broadcast network interview. "It's basically going to be a government-owned, government-run company ... a company that has been sadly run into the ground."
AP: Shelby assails large gov't role in General Motors
