This is good news for Republicans

We absolutely must elect that guy who doesn't know much about economics:

DETROIT (AP) -- General Motors Corp. reported a $38.7 billion loss for 2007 on Tuesday, the largest annual loss ever for an automotive company, and said it is making a new round of buyback offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.

Awesome, cue up Cavuto to do a happy dance!