Wednesday, May 06, 2009

Bad Week For Business

Specter, Bank of America, Chrysler: A Bad Week for Business - BusinessWeek

I wonder who knows more about the prospects for the US? Dana Milbank, declaring the official deification of BO, or Jack and Suzy Welch over at BusinessWeek.

Let's see, Jack was head of GE during some of it's most successful years ... Dana Milbank? Uh ...

Jack doesn't seem to think that the unions that were a huge factor (maybe the decisive one?) in running the auto companies into the ground, deserve to be handed 51% of them on a silver platter, ahead of bond holders who have the actual legal right to more of the company.

However, Dana has BO, Community Organizer on his side, and BO is no mere mortal. Hopefully failed Community Organizers are more brilliant on how to operate business and create a thriving economy than the former CEO of GE.


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