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June 3, 2009
Jacob Sullum at Reason: 'How Not to Run G.M.'
Topics: Political News and commentariesVia Reason: Obama's environmental and employment goals could undermine profitability:
After President Obama unveiled his plan to nationalize General Motors, G.M. Vice Chairman Robert Lutz exulted, 'Their No. 1 goal is to make us successful.' Senior Editor Jacob Sullum argues that Obama actually seems to have three No. 1 goals: turning a profit, building cleaner cars, and creating American jobs. Sullum says these priorities clash with each other, with the president's professed desire to 'get out quickly,' and with his promise of 'a hands-off approach.'Read "How Not to Run G.M." here.
And that's not all that "can undermine profitability." How about starting with Obama's 31 year-old wonder kid heading the dismantling of General Motors 'and rewriting the rules of American capitalism!
Posted by Abdul at June 3, 2009 8:33 AM
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- Jacob Sullum at Reason: 'How Not to Run G.M.' - Jun 03, 2009
