Obama’s Car Puzzle & GM Volt

http://online.wsj.com/article/SB122645159441719325.html

“The Detroit Three will not bounce back until they’re free to buy labor in a competitive marketplace as their rivals do. In the meantime, private money, even in bankruptcy, almost certainly will not be available to refloat GM and colleagues. Nationalization, with or without a Chapter 11 filing, is probably inevitable — but still won’t make them competitive.”