Monday, June 1, 2009

Government Motors

The Wall Street Journal Reports GM Files for Bankruptcy Protection

Under the plan, the government would own 60% of the new GM, but Mr. Obama said auto executives "will call the shots and make the decisions about turning this company around." He said the government would refrain from playing a management role in all but the most critical areas. "Our goal is to help GM get back on its feet...and get out quickly," he said.

In remarks after Mr. Obama's statement, GM Chief Executive Frederick "Fritz" Henderson said New GM will be a leaner and quicker company that is more focused on its customers and its products.

This reminds me of one of my all-time favorite youtube videos: The 2012 “Pelosi Sport”

The video pokes fun at big government, the economy, and even hyper-inflation. It throws some jabs at environmentalism too…all in good fun.

At least, it’s funny now….