40-odd years of competition from Japan didn’t do it for GM management or its unions. I hope USM CEO Obama or Geithner, whichever one is running that show, has a better idea, but Obama’s demand for a more “lean, mean and competitive” auto industry notwithstanding, I don’t see either of those guys coming up with a new Camry or getting the loyal workforce out for jumping jacks in the morning.

Related, not so different, Powerline is mulling toxic assets.

Welcome Instapundit, Surberistas, etal. Always good to see you. Don’t be shy, come on in. We’re mulling some age-old questions. Whither Pakistan, with our money. Whither China … with our money and our technology.

Instead of firing the CEO of GM, the Exhaulted One should have fired the union bosses and demanded the union workers perform for reasonable wages and benefits or face losing their jobs.

But them a liberal democrat would never do this....

But them a liberal democrat would never do this...
A structured bankruptcy would have been more effective,
less painful and much quicker & cheaper. I prefer the quick, painless option in GM's case.