GM Will Drive Obama Off Cliff: Brooks

Company can't be saved; political costs of bankruptcy are huge
By Gabriel Winant,  Newser User
Posted Mar 31, 2009 8:36 AM CDT
President Barack Obama makes remarks on the American Automotive Industry, Monday, March 30, 2009, in the Grand Foyer of the White House in Washington.    (AP Photo/Gerald Herbert)
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(Newser) – For decades, General Motors hasn’t been so much in the automaking business, David Brooks writes in the New York Times, as “in the restructuring business.” And for just as long, presidents have sought to push bankruptcy into the future. By getting serious, though, “the Obama administration and the Democratic Party are now completely implicated in the coming GM wreck.”

As GM restructures yet again, President Obama has warned that this is the company’s last chance. “Honestly. Really. No kidding,” writes Brooks. But, he asks, “Is the White House ready for the headline ‘Obama to Middle America: Drop Dead’?” Obama means well, but the government can’t do this job—and now he can’t extricate himself without committing political suicide.