The Obama administration, which can't even fill key Cabinet and sub-Cabinet posts much less come within a trillion bucks of balancing its own budget, is reportedly laying out a plan to turn GM around. Note to Obama: Printing greenbacks isn't an option. In fact, the Obama administration and its advisers know as much about turning around the auto (and banking and insurance) industries as I know about performing reconstructive hip surgery.
Meantime, the federal government continues to have its way with AIG, a company whose flawed but largely successful founder, Hank Greenberg, was run out of the company in 2005 by then New York Attorney General Eliot Spitzer, another model of effective executive leadership.
What''s next? House Speaker Nancy Pelosi telling Sun Microsystems how to monetize its open source assets? Pennsylvania Senator Arlen Specter lecturing SAP America on how to manage its packaged applications in the cloud? Texas Gov. Rick Perry seizing control of Dell and AMD to put them back on a profitable course? Oh, that's right, those office holders don't have that "right," as they never loaned those companies any money. How silly.
As a famous iconoclast once observed: "A man's got to know his limitations."