Monday marked a monumental event in American economics. GM went bankrupt, the US and Canadian Governments bought in in a big way, and the Obama administration indicated its strategy to revive the company and reprivatize it quickly and cleanly.
Now, if I were Obama and if I were serious about getting GM back on its feet quickly, I would be reassuring the country that privatization is my first priority. Instead, Obama takes a massively expensive trip to NYC with Michelle, and then leaves for the Middle-East.
Without a an “exit-strategy”, when will the government leave GM?
What are you thoughts?