The Great Barack Obama GM Compromise

barak.jpgBarack Obama is one of those rare politicians who’s both intelligent and capable of speaking his mind without caving-in to every imaginable political distraction around him. His latest address – the problem of an ailing General Motors, laying off thousands while producing (mostly) sub-par vehicles with lousy emissions standards. GM’s long-standing, and quite valid complaint has been the costs of the very generous health and reitrement packages given to labor. So, says Barack, why not let the government take care of some of the health care costs for GM’s workers, and in return, get a promise from GM to invest the savings into better performing vehicles? Article Here. (via Grist)
For the latest 3P news on Obama’s ouster of GM CEO Rick Wagoner, click here

Nick Aster is a new media architect and the founder of TriplePundit.com

TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He was instrumental in the creation of TreeHugger.com, managing the technical side of the publication for 3 years as well as an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.