Assuming the Department of Justice does a thorough job (not a safe assumption), investigators may get to the nub of the issue that concerns me most regarding the supposed turnaround at GM. American taxpayers deserve to understand whether GM (U.S. only) was actually fixed, or whether it may have to be restructured again. Second, when did White House officials learn of the many long-dated problems now so evident at GM? Third, were public disclosures made by GM materially misleading and if so, who is responsible?
With the Middle East aflame and GM foundering, the argument to re-elect the Obama-Biden ticket in 2012 appears inoperative.