James Pethokoukis

Politics and policy from inside Washington

Does Obama really believe GM can survive?

June 1, 2009

President Obama struck an optimistic note today on the New GM:

I am absolutely confident that if well managed, a new GM will emerge that can provide a new generation of Americans with the chance to live out their dreams, that can out-compete automakers from around the world. When that happens, we can truly say that what is good for General Motors, and all who work there, is good for the United States of America.

Me: Another theory, though, is proposed by former Labor Secretary Robert Reich.  He was just speaking on CNBC and speculated that what Team Obama is really doing is slowing down the death process so communities and workers and the economy have more time to adjust to GM’s demise. So there you go …

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