Details of the Obama ‘nyet’ to GM emerge

Besides dinging GM, and Chrysler, for being too reliant on trucks and SUVs, Obama Administration documents to the two automakers fault their vehicle quality, among other things.

It’s also clear that, with publicly-traded GM, the administration is making clear this is a wake-up call to bondholders to give more in negotiations with GM.

Also, more people besides CEO Rick Wagoner will be leaving GM, too.

As for the UAW, though not specifically mentioned, it’s going to have to wake up on both car quality and vehicle size mix, too.

That said, the Detroit News unloads with both op-ed barrels on this issue. And, they have some good points, above all, wondering if Obama is not creating a deliberate distraction from Wall Street issues.

He can portray himself as being tough on the corporate executives who are ruining America, without having to draw blood from the bankers.

That is at least possible, Obama killing two birds with one stone.