Sunday, April 5, 2009

Car Dealer in Chief, indeed.

A good column by David Brooks of the NYT on the Big 3 here.

I will confess that my first reaction was that the firms and the government had jointly decided that the first round restructuring plans from GM ("Government Motors") and Chrysler would be rejected so as to give the firms more leverage with their unions and creditors and to give Obama a chance to look tough and get some populist poll points with the pitchfork people.