Editorial #5

"The Obama administration has warned both companies that it may let them sink into bankruptcy. In the meantime, though, more money is probably on the way -- along with some cosmetic management changes. Rick Wagoner, GM's chief executive of blessed memory, has already been pushed out, and the company's directors are heading in the same direction. Still, somebody -- God only knows who -- is supposed to come up with yet another plan to save GM and do it in 60 days. Maybe they'll outsource it." From my editorial, Broke Means Broke.

I cannot believe that these automobile companies that were just given billions of dollars to save their companies are asking for even more money less than six months later. The fact is that these companies are wasting the money on giving people raises and frivolously spending it on unneeded items or activities. The Obama administration needs to sit down with these companies and create budgets that they will directly follow so their company does not go bankrupt