Obama's "Plan" for GM

He says he “doesn’t want to own General Motors.” But he now DOES own 60% of it. He says he “doesn’t want to RUN General Motors.” But he IS “running” General Motors. He SAYS YOU “own” that 60%, but he’s lying. Just TRY and tell GM what to do. Just TRY and get a “dividend from your “ownership.” Just TRY to become a member of the board (that’s reserved for Obama’s friends). He says he plans to “reduce it to a manageable (by him) size through bankruptcy." To do so, he’s telling thousands of profitable dealers to “go to hell.” GM is not “buying back” any inventory so those dealers he’s RUINING are STUCK with it unless they can get it sold before the deadline. Look for most of those dealers to become dealers for foreign brands, and for the percentage of the market foreign brands hold to increase markedly. Is THIS his “plan” to make things better for GM and the nation? Common sense tells me it is NOT. In addition, he is insisting on them making cars nobody wants—which is, as usual, a “recipe for disaster.” But Obama doesn’t mind; he was ELECTED because of the Democrat’s “recipe for disaster” in FORCING lenders to make loans they KNEW would never be repaid. (Yahoo News/AP)