GM recovers? It’s strange how some of the newscasters think GM applying for an IPO means they are on the right track. The company reduced payroll from 93,000 employees to 53,000 – the jobs that were cut are never coming back. The company wants to raise 18 to 20 billion dollars (the second highest dollar amount for an IPO), but again who’s really paying for that stock – it’s got to be bought by institutions, some of which control the monies of average Jane and average Joe… so to some degree the people pay for it again. And I don’t believe the management is any smarter, although they’ve got a shot at getting richer if they obtain the IPO. Common sense should say that when more “good” jobs are brought on the market the company is on the right track, not an IPO.