GM (Government Managed)

Obama says GM, Chrysler "not there yet"

WASHINGTON (Reuters) - U.S. President Barack Obama said in an interview broadcast on Sunday that struggling U.S. automakers had not done enough yet to become "lean, mean and competitive" under federal oversight.

Lead by example? BO is not exactly running the most efficient ship on the financial waters these days.

"We're trying to let them know that we want to have a successful auto industry, U.S. auto industry. We think we can have a successful U.S. auto industry. But it's got to be one that's realistically designed to weather this storm and to emerge ... much more lean, mean and competitive than it currently is," Obama said.

Wonder what kind of cars we can expect from Detroit once the administration completes the takeover of the auto industry. Me thinks if you want an American car with more than 100 HP and most of the parts installed and working you better hurry.

Gene