A bit like his Af-Pak policy: try a little more for old times' sake but leave an off-ramp for exit soon:
I assume that it is not accidental that the Chrysler deadline will be reached prior to the GM deadline, and therefore further assume that the administration is actually either confident that they can make the deal work with FIAT, or failing that, that they really will let Chrysler go under. Chrysler may have to play Lehman to GM's Citigroup. (Awareness of this Chrysler-GM timing dynamic by all parties, of course, makes it even more fun for Chrysler to negotiate with FIAT). In a couple of months we'll know a lot more about whether the administration intends to execute industrial policy for the auto industry, and if so, how.
Why do I hope he bails out on both as soon as possible?
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