Archive » Automakers

The WSJ broke the news on Friday about Obama’s new “pay czar,” Kenneth Feinberg.
His official title as executive-pay-limiter-in-chief: Special Master of Compensation.
Can’t wait to see his logo.
Next up: Obama appoints the…
…Distinguished Overlord of Oxygen Intake (to limit individual human carbon emissions);
…Royal Captain of Calorie Consumption (to limit weight gain and end obesity);
…Exalted Diva [...]

(Photoshop credit: Reader Joe N.)
It’s official. General Motors has filed for bankruptcy. Government Motors is now in business, with a perpetual taxpayer lifeline:
General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal [...]