Awesome.

General Motors Corp. outlined a revamped survival plan Monday that would leave the U.S. government as its majority owner in return for an extra $11.6 billion in federal aid.

The plan includes an ambitious debt-swap offer that moves the auto maker closer to restructuring through the bankruptcy court.

Restructuring as - what?  The automotive equivalent of the Corporation for Public Broadcasting?

Well, looks like President Lightworker is going to get to play Captain of Industry in addition to his nominal day job as President of the United States.

Like I said - awesome.

Posted by: DocJ at 12:59 PM | No Comments | Add Comment
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