GM Death spiral

The newly Obama installed CEO of GM has said... well you should see.

DETROIT – General Motors Corp.'s new chief executive said Tuesday that more of the automaker's plants could close as part of GM's effort to meet new, tougher requirements for government aid.

Not make a profit. Not to make better cars that people want to buy. Not to get the company on a sound footing. No, his new job is to please his government masters.