"We are acting as reluctant shareholders, because that is the only way to help GM succeed," President Obama said today about General Motors' bankruptcy filing. But Obama isn't reluctant enough for some. "Although the bureaucrats disclaim any interest in micromanaging the automaker, it isn't hard to imagine them nudging and guiding decisions in directions they would like them to go," wrote Alex Taylor of Fortune magazine. A Wall Street Journal editorial said that Obama "has made himself GM's de facto CEO. Our guess is that he'll come to regret it as much as taxpayers will."
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