When is Obama going to return GM to the private sector

Oh come on, Rush.

I know you understand better than most the complexity of large-scale bankruptcy reorganization through a 363 sale having gone bankrupt yourself more than once.

Current, GM is owned 61% by the U.S. Govt, 17.5% by the UAW workers who actually create its wealth rather than those who made the fiscally irresponsible decisions that doomed it, and the rest by various private and foreign interests.

As to “why don’t they return it to the private sector?”
Come on, Rebel, you know these complex transactions take time to complete!
It was SOCIALIST Bush who privatized large segments of our financial and industrial sectors.
It is CAPITALIST OBAMA who is repatriating them back to the private sector.

Even your own beloved Wall Street Journal reports that they plan an IPO for next year (2010), with FULL DIVESTITURE NOT LATER THAN 2018.

Stoll, John D.; David McLaughlin (July 2, 2009). "General Motors Aims for IPO Next Year". Wall Street Journal. Retrieved August 14, 2009.
Online link:
http://online.wsj.com/article/SB124646098696280443.html