Jim Cramer notes that GM’s new board of directors met in DC today. John Thune, speaking to the CEO of GM had the following to say:
You find yourself with a board of directors of 535 members. We are partners, and as partners, these are the types of questions you get to answer.
Many of the questions had to do with the dealerships: Which ones are being closed, why, why not others, and the like. Cramer makes the following observation:
However, the demographics that guide Congress do not always match up with the demographics that shape business.
How true this is. And how much of a reminder that government should not be in the business of business.