Over the next few months, Mr. Obama and his auto task force will face many tests as they try to create a new paradigm for the nationalization, however temporary, of a storied and troubled emblem of American industry. Full Story »
Posted by Kaizar Campwala
Solid analysis of the tenuous position Obama is with GM. Looks have political as well as financial pressures, and expands the scope beyond GM to consider the government's involvement in banking as well.
This article artfully distilled the bold points of the challenges of acting as financier for GM. While I did not see the relevance of the Iraq analogy, the political obstacle course that is summarized herein was very illuminating. In fact the details point to the fact that the White House team may be burning some bridges with influence peddlers (which was also a campaign promise for that matter.) There was though one assertion that is unsubstantiated - in the 3rd paragraph beginning with "While Mr. Obama ..... This particular element of the story is prognostication. The remainder of the story seems to be more sound and balanced.
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