General Motors is looking for tens of billions of bailout dollars from the Feds to stave off bankruptcy. Here's a simpler solution: Get Steve Jobs to take over the top slot at GM. So says the New York Times' Thomas Friedman, and despite my dislike of Jobs, I think Friedman is right.
In his column, Friedman writes about watching a TV interview earlier this year with Chrysler CEO Bob Nardelli, who said the auto industry needed $25 billion in loan guarantees, not as a bailout, but to help car companies innovate. His response:
I could not help but shout back at the TV screen: "We have to subsidize Detroit so that it will innovate? What business were you people in other than innovation? If we give you another $25 billion, will you also do accounting?"
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