The Obama administration announced Monday it is demanding certain actions by General
Motors, Chrysler and Ford as conditions of receiving federal financial assistance,
including forcing GM CEO Rick Wagoner to resign. Is this too heavy- handed? Shouldn’t
private industry be best positioned to know how to dig out of the hole it’s in, as opposed
to government? Or do conditions naturally follow when taxpayer money is invested? Or
is this mess what is expected when government invests in private business? What would
you advise the Big Three to do?