We all know that the federal government has signed up to play a larger role in running the artist formerly known as General Motors. Don’t worry though. They have assured us that they will not be interfering in the operations. In the short time since the new arrangement, we have some early indicators of the accuracy of that plan. Both are from the WSJ so I threw in a quote from each.
From Busy Not Running GM:
The President is so busy not running GM that he had time the night before to call and reassure Detroit Mayor Dave Bing about the new GM’s future location. GM is being courted to move its headquarters to nearby Warren, Michigan. And Mr. Bing told the Detroit News that he had received a call Sunday evening from the President “informing me of his support for GM to stay in the city of Detroit
From Barney Frank, Car Czar:
The latest self-appointed car czar is Massachusetts’s own Barney Frank, who intervened this week to save a GM distribution center in Norton, Mass. The warehouse, which employs some 90 people, was slated for closure by the end of the year under GM’s restructuring plan. But Mr. Frank put in a call to GM CEO Fritz Henderson and secured a new lease on life for the facility.