Monday, June 01, 2009


President Obama called the U.S. a “reluctant shareholder” in General Motors, and reiterated that he doesn’t want to run the big U.S. automaker.

“The big decisions, like opening a new plant or what type of car to make, will be made by management of the new GM, not by the government,” Mr. Obama said at a noontime press conference explaining GM’s bankruptcy and the new government stake in the company.

Seconds later, Mr. Obama laid out just what type of cars he expects GM to make: “high-quality, safe, fuel-efficient cars” that will help GM “lead the U.S. to energy independence,” he said.
So, the government will not have any input in the "big decisions", except it will also determine what type of cars will be produced. Right.

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