General Motors, in Today's News 08.27.09

General Motors. General Motors cars placed exactly zero (nada, nothing, zip) cars in the list of the top ten cars bought in the 'cash for clunkers' program. In addition, General Motors sold about a staggering 14% of all cars bought in the program.

Interpreting the figures, one has to conclude that virtually no one wants GM products.

And the central planners in the Obama administration think they can solve this problem with a flurry of legal, administrative and cost-cutting machinations! Fat chance!!

The only solution to GM's problems is the same as it was before the Obama intervention: produce autos that the public wants.

The only way to produce same is hard and imaginative work over years and years. Do the central planners and the Obama administration have the patience (and the money) to see it through? We will see.