PolifrogBlog

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Wednesday, February 24, 2010

Is the government running GM?

According to Mitt Romney in a new book not yet released...

...the government is calling the shots on every major decision at GM, including which plants to expand and which to close.

Also according to the Detroit News...

Fehrnstrom added, "There's ample evidence that the government is calling the shots at GM, from the Obama administration orchestrating the selection of a new CEO to Rep. Barney Frank pressuring GM to keep open a facility slated for closure. The real issue is that government ought to get out of the auto business and distribute its shares to taxpayers."
Of course there are those within Government Motors and the Obama Administration who disagree. White Hose spokesman Matt Lehrich claims...

We don't, nor have we ever, run the day-to-day operations of GM. Decisions and management are handled by the company alone.

And GM spokesman Greg Martin claimed...

We are free to make the business decisions to restore GM to profitability.


The fact that this question is being debated is awful. The federal government should not be in the business of owning failed businesses. Failed businesses should be allowed to fail.





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