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Monday, June 01, 2009

What Is The Governments Role Now That Gm Has Gone Bankrupt

President Obama has said the government shouldnt manage the company or tell the excutives what to do. And I agree with that. But it would be wrong for the government to simply walk away and turn a deaf ear as to what is going on with the company. The government is going to have to be involved with Gm for a long time. At least until a competent management team is found.
Lincoln didnt tell the generals how to fight the Civil War but he paid close attention to what they were doing. When they didnt fight the war the way he wanted them to he fired them. And that is the way the government should proceed in rebuilding our manufactiong base.
Gm isnt a Toyota but it does have a big advantage over many of the new start up automoibile companies that are springing up. Gm has the hardware(the factories)in place which the start ups dont have but now it needs a software package(a management team)that can lead. And its up to the government to insure that it happens. Obama should take a page out of history and follow the way Lincoln guided the military during the Civil War in rebuilding Gm.