YES, boot Rick Wagoner from GM

The simple fact that GM doesn’t “get it” about what Congress expects in the way of restructuring says to me some members of GM’s board of directors could probably stand the old heave-ho, while we’re at it.

Meanwhile, Kirk Kerkorian, longtime major investor in, and critic of, GM, is piling on. And, contra one possibility listed in the story, GM does NOT need an insider as Wagoner’s replacement. Nor Jack Welch.

Carlos Ghosn? Hmm — could that lead to a Nissan takeover? GM could do a hell of a lot worse than that idea.

And, the Journal agrees with an earlier blog post of mine, as it notes Speaker of the House Nancy Pelosi clearly caved to President Bush in agreeing to use the $25 bil fuel efficiency fund as general bailout money.