"A Political Document"

Manzi works through GM's restructuring plan:

The point of this document was supposed to be the presentation of the plan to achieve these operational improvements. But there’s no there there. I guess somebody who’s never read a real business plan might mistake this document for one, but it’s a joke.

Joseph Romm assesses bailout plans submitted by Ford and GM. Yglesias adds his two cents. I'm beginning to hope that the Big 3 go under. Any sign that the tax payer is prepared to rescue these losers means we have all but given up on the market economy in favor of government command and control. Whatever the way out of this crisis, returning to the 1970s is not part of it.