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Poor Mr. Wagoner

I don’t know if Mr. Wagoner is a good guy or a bad guy in all the troubles at GM — just don’t know enough about GM.  But I know this: Whoever capitalizes a business gets to fire who they want.  The government is funding GM, and now Mr. Obama has declared that problems in the auto industry are caused by a failure of leadership.  So, good-bye, Mr. Wagoner.

By the way, I’m forecasting that four years from now, problems under Mr. Obama’s control will not be attributed to a failure of leadership.

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