The problem with the GM Gamble is not that the government is involved. There is every indicatio
n that government involvement is not that bad. Medicare and the notion of public guarantees of medical care are not noxious. And the President has, in the case of GM, said he will leave the nuts and bolts up to those who know about business. I know that is a weak assurance but it shows that in the Obama world, government involvement is not going to be the problem. The problem is the car. There are times when I think Obama is playing a game which is utterly necessary, given the obtuseness of our media and the knee-jerk capacity of the populace to take umbrage if an idol comes close to toppling. The game is not the change Obama will bring. It is the change that is coming willy nilly that no one wants to see. Take the current "recession" which is really a readjustment and a signal to the market. What few want to see is that the readjustment is in the direction of the public over the private, the reclamation of public space over private space, the creation of public options over private ones.
n that government involvement is not that bad. Medicare and the notion of public guarantees of medical care are not noxious. And the President has, in the case of GM, said he will leave the nuts and bolts up to those who know about business. I know that is a weak assurance but it shows that in the Obama world, government involvement is not going to be the problem. The problem is the car. There are times when I think Obama is playing a game which is utterly necessary, given the obtuseness of our media and the knee-jerk capacity of the populace to take umbrage if an idol comes close to toppling. The game is not the change Obama will bring. It is the change that is coming willy nilly that no one wants to see. Take the current "recession" which is really a readjustment and a signal to the market. What few want to see is that the readjustment is in the direction of the public over the private, the reclamation of public space over private space, the creation of public options over private ones.For further details visit at : www.huffingtonpost.com/stephen-c-rose/the-problem-with-the-gm-g_b_214101.html
