In general, government should not interfere with the day-to-day operations of General Motors or any public corporation. However, the government--in other words, we the taxpayers--now own 60 percent of the company.
We must play an important role in choosing top GM's top leadership and stay involved in matters like oversight, transparency and emissions. Most importantly, we must ensure that GM is using our investment to make cars people want to buy.
It's incredible that the visible hand of government, even if it is somewhat clumsy, could screw up things as badly as GM's management has for the past 25 to 30 years.
Now that taxpayers have more skin in the game, we may buy more GM cars if they improve to be equal or better than GM's main competitors, like Toyota.
Posted by: trumpit | June 2, 2009 9:55 PM
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