Friday, May 8, 2009

GM: Oh-Oh Obama's Gonna Furrow his Brow Again

Exit Chrysler, Enter GM. This will be something to watch....

GM may need to file for bankruptcy protection in a month or two. At that point, Obama will again furrow his brow, look tough, give some speeches, cast the private and institutional investors as villians, and probably give the UAW the majority ownership. It won't cause anybody to buy GM cars. But is that really Obama's point with these performances?

No comments: