What is good for GM is clearly no longer good for the country…as was once the unofficial motto of the auto giant…now that it has entered into bankruptcy.
Taxpayers—you and me—now pretty much own GM–along with all of its problems.
The biggest problem it has still is—it make cars that more and more Americans do not want to buy!
By effectively nationalizing GM, the question now is whether the government can mandate that GM build cars that are more competitive with European, Japanese and even Korean ones.
Yet, the Obama administration insists it doesn’t want to be in the auto building business and has no intention of running things day to day…that is for the “experts” to do.
But aren’t these the “experts” that caused the problem to begin with? Even if the old GM executives are replaced with new blood from elsewhere in the auto industry, like minds tend to think and act alike.
Seems to me that once the government makes the decision to buy some 60 percent of General Motors, like it or not, it is in the auto production and even marketing business.
Time to start acting that way.
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