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O'smobile?

Since Oldsmobile died an untimely death in 2004, perhaps the name can be revived and applied (in slightly modified form), O?smobile, to the new General Motors. Or perhaps it will be sufficient simply to refer to GM from now on as BM (Barack Motors).

UPDATE

In his statement this morning President Obama said:

... my administration will offer General Motors adequate working capital over the next 60 days. And during this time, my team will be working closely with GM to produce a better business plan. They must ask themselves: Have they consolidated enough unprofitable brands? Have they cleaned up their balance sheets, or are they still saddled with so much debt that they can?t make future investments? Above all, have they created a credible model for how not only to survive, but to succeed in this competitive global market?

Now, leave aside the question of why consolidating unprofitable brands is a good idea. But ask yourself how, after discussing how his ?team? would be ?working closely? with GM to ensure that it do this and that and the other thing, he could then say in his very next presumably teleprompted, stern voice:

Let me be clear: The United States government has no interest in running GM. We have no intention of running GM.

Reminds me of another of his other brilliantly articulated assurances, that he wants massive government spending ?'not because I believe in bigger government?I don?t,? as well as his assurance that his proposed budget ?will cut the deficit that the president inherited upon assuming office at least in half by the end of his first term.? For that matter, it also reminds me of another president?s declaration before a national audience that he ?did not have sex with that woman.?

How long will it be before someone asks, ?Would you buy a used car from this government?

Full post as published by Discriminations on March 30, 2009 (boomark / email).