Three comments:
***Will it work? The government central planners and the new government-appointed board and Chairman are almost giddy with the success of their maneuver in bankruptcy court to re-form GM without its debts and unpopular car brands. Listen to them and you would think GM will slim down and be profitable in no time.
It's dubious. First the slimming down is yet to happen. And to get rid of "hundreds of middle managers" is not so easy. Second, they are stuck with car brands and models that, with one or two exceptions, inspire no one. It will take years to re-design those cars. And what happens in the meantime?
***Good and Bad GM. The GM described above is what the central planners call 'good GM.' Bad GM is still in bankruptcy court and will probably stay there a long, long time, until the planners figure out how to eliminate those troublesome debts and obligations. The media is all too willing to describe what Good GM is composed of. The media falls completely silent when it comes to Bad GM. When the media goes blank like this, one can be sure they are covering up something.
***Obama. It is amazing that the self-professed pro-labor Democrats have pulled off such an anti-labor deed. And the unions say nothing! Amazing. Of course, if McCann had tried to do these things, the outcry from the Democrats would have been way up there in decibels. That the Dems could pull this off so easily, probably helps explain why the cryptocracy was so anxious to elect Obama.
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