Getting your player ready...
WASHINGTON — As majority stakeholder in General Motors, the government is straddling two responsibilities that could be awkwardly at odds: corporate ownership and public policymaking.
With a $50 billion investment in the once-dominant automaker, the administration’s objective is to return the company to profitability and recoup as much of the bailout as possible.
But President Barack Obama also has a broad policy agenda that includes creating jobs and a greener economy, goals that may conflict with the corporate bottom line.
Administration officials say they intend to maintain a virtual firewall between its policy initiatives and Obama’s task force that has been working with GM and Chrysler to restructure.
