| John Marelius - Sorry for the delay. Technical difficulties. It's not so much direct authority as carrot-and-stick -- one very large stick. Basically, the government is giving GM 60 days worth of federal financing and Chrysler 30 days worth. In the case of GM, it buys time to revise its turnaround plan which the administration considers unsatisfactory. In the case of Chrysler, it's time, although not very much, to complete a merger with Fiat, the Italian automaker. Still, it's a breathtaking development. Remember the slogan, "What's good for General Motors is good for America." No more. |