5th editorial

Although most newspapers are claiming that they are a bit dissappointed with Obama's performance so far, he showed this Sunday with GM's CEO Richard Wagoner stepping down that he is going to start stepping it up. The next day Obama made it clear that Wagoner had been forced out instead of on his own will. Obama also declared that if GM's creditors, workers and suppliers did not deliver the concessions the administration task force thought necessary, no further taxpayer-financed aid would be forthcoming. In addition, Obama announced, Chrysler would have only 30 days more to work out its merger with Fiat or it, too, would be ticketed for bankruptcy.