Today's Wall Street Journal reports that GM is planning on cutting 10,000 white collars jobs as it "rushes" to put the finishing touches on the plan it must submit to the Treasury Dept. by February 17th detailing how it will return to profitablility and compete with its Japanese rivals.So, at the same time we have President Obama and the Democrat controlled Congress pushing thru a $900 trillion stimulus package ostensibly focused on job creation we see the government dictating job CUTS as a part of the loan package given to GM. This is the kind of lunacy we should expect to see until the government leaves the marketplace.
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