FROM THE ANNALS OF CLUELESSNESS….A reader recommends watching this interview on Friday between Greta Van Susteren and Troy Clarke, president of GM North America. It’s worth a listen just to hear his answer to this one question: “What possessed the three automakers to come to town without a plan asking for money [two weeks] ago?…Didn’t you know that people would want a plan?”
The exchange starts at about 10:45, and Clarke’s answer, basically, is that they figured, hey, the banks got bailed out without a plan, so why shouldn’t they? After all, when it’s raining money, you don’t ask questions, you just get out your bucket.
Points for honesty, I guess, but not much else.