{"id":12004,"date":"2009-03-31T09:03:34","date_gmt":"2009-03-31T09:03:34","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/for_the_government_and_the_carmakers_a_risky_path_ahead\/"},"modified":"2009-03-31T09:03:34","modified_gmt":"2009-03-31T09:03:34","slug":"for_the_government_and_the_carmakers_a_risky_path_ahead","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=12004","title":{"rendered":"For the Government and the Carmakers, a Risky Path Ahead"},"content":{"rendered":"<p>As an assertion of government control over a huge swath of the industrial landscape, President Obama\u2019s decision to reshape the automobile industry has few precedents.<\/p>\n<p>In essentially taking command of General Motors and telling Chrysler to merge with a foreign competitor or cease to exist, Mr. Obama was saying that economic conditions were sufficiently dire to justify a new level of government involvement in the management of corporate America.<\/p>\n<p>His message amounted to an inversion of the relationship that had helped define the rise of American manufacturing might in the 20th century; now, Mr. Obama seemed to be saying, what is good for America will have to be good enough for General Motors.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2009\/03\/31\/business\/31assess.html?_r=1&#038;ref=global-home\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As an assertion of government control over a huge swath of the industrial landscape, President Obama\u2019s decision to reshape the automobile industry has few precedents. In essentially taking command of General Motors and telling Chrysler to merge with a foreign<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=12004\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,616,151,667,596,598],"tags":[],"class_list":["post-12004","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-possibility-of-a-bailout-for-the-u-s-auto-industry"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12004"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12004\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}