By Jeff Harding
WASHINGTON — The White House is fighting congressional efforts to force General Motors Co. and Chrysler Group LLC to offer more compensation to more than 2,000 dealerships the car makers cut as part of their government-backed bankruptcy restructurings.
Interesting in that now that the government has about $60 billion invested in GM and Chrysler, they are a bit sensitive about what happens to their investment. Here we have a bunch of populist politicians trying to get a bit more skin out of the auto companies taxpayers for their constituent auto dealers and the Obama Administration is fighting them.
I also noticed that GM is getting rid of its seven Gulfstream corporate jets. You remember: the ones they flew to Washington to beg for money.
I thought Obama said he didn’t want to run the auto business.