2. Politicization. Once the Obama administration is running GM, shouldn't a skeptical journalist wonder if common business sense is going to lose to a political agenda? Who is GM going to satisfy -- the consumer or Obama? Already, Obama is pledging more GM cars will be made in America, and they'll make more fuel-efficient cars. They're handing large chunks of ownership to the United Auto Workers, which is surely a sleazy payoff for UAW campaign contributions.
Do we really want an auto company run like other government-run transportation concerns like Amtrak? Every decision -- from closing dealerships or plants, to selecting suppliers or which vehicles to build, to collective bargaining with the UAW -- will have to pass the Washington tests of political and environmental correctness.
3. Usurpation. The Obama Administration acted in complete disregard of the rule of law. The bailout was accomplished without congressional approval, and the money used was appropriated for failing banks, not carmakers. They trampled right over where the Constitution places limits on the president's ability to spend public money, stating "No money shall be drawn from the treasury, but in consequence of appropriations made by law."
When Dennis Hastert was the Republican speaker, he was so jealous of congressional prerogatives that he expressed outrage in 2006 at the FBI searching the office of corrupt Congressman William "Cold Cash" Jefferson, D-La., who was caught with $90,000 in FBI money in his freezer at home. Speaker Nancy Pelosi thinks the powers of Congress are whatever Barack Obama decides they are. "If and when the Administration thinks that there should be legislation [on the auto companies], then we will take that up," Pelosi said in May. "We have not heard, I have not personally heard from the executive branch that they need any legislative remedies."
This massive Obama end-around of Congress and the Constitution should at the very least be a matter of controversy and debate. Instead, the national media are ignoring or downplaying the complaints of Obama opponents, as if any whiff of controversy over Obama's increasingly ruthless management of the economy would wreck a recovery. Barack Obama thinks he is America's car czar, and the media are not a check or a balance. They are merely the czar's enthusiastic servants.