Oh, and today’s walkback from promises made by the President?

How about the government standing behind all those GM and Chrysler warranties as President Obama said?

That’s over. Done. Kaput.

Newly installed car czar Ron Bloom (who has no car industry experience btw), says that the crisis has passed and the government doesn’t need to back those warranties.

On one level, I have no problem with this move. It should never have been promised in the first place (just like the government should never have provided the bailouts). However, now that they put the government behind those warranties, that was an inducement to some to buy - and now the warranties are gone - evaporated back into whatever GM and Chrysler can cobble together on their own.