“President Obama announced the bankruptcy of General Motors [June 1] before GM’s CEO even spoke, and the feds will soon own 60 percent of the company. But whatever you do, please don’t think the government is now running GM,” the Wall Street Journal said in an editorial.
“ ‘What we are not doing — what I have no interest in doing — is running GM,’ Mr. Obama said in [the] bankruptcy announcement. ‘When a difficult decision has to be made on matters like where to open a new plant or what type of new car to make, the new GM, not the United States government, will make that decision.’
“The president is so busy not running GM that he had time the night before to call and reassure Detroit Mayor Dave Bing about the new GM’s future location. GM is being courted to move its headquarters to nearby Warren, Mich., and Mr. Bing told the Detroit News that he had received a call Sunday evening [May 31] from the president ‘informing me of his support for GM to stay in the city of Detroit with its headquarters at the Renaissance [Center].’
“The newspaper went on to report that ‘the mayor said he’s