Auto Bailout 1: Manzi Dismantles GM Plan

GM is about to submit it’s “Restructuring Plan” to Congress.  Jim Manzi does a good job of dismantling it over at The Corner on National Review in his GM’s Magical Thinking blog post.

The diary of Blackhedd is another good place to watch. 

This is going to be ugly no matter how it pans out.


Cross-blogged at Incredible Colorado.