Monday, June 1, 2009

Government Motors

GM Files For Bankruptcy.
Under the plan, the government would own 60% of the new GM, but Mr. Obama said auto executives "will call the shots and make the decisions about turning this company around." He said the government would refrain from playing a management role in all but the most critical areas1. "Our goal is to help GM get back on its feet...and get out quickly2," he said.
1) No, don't elaborate on that or anything. Critical areas could mean anything, and sadly, everything.
2) Is anyone dumb enough to actually believe that?