"General Motors' profits fell 41% in the second quarter..."

That's the news today. Was your first thought what this means for Obama? If so, isn't that crazy?

Here was Mickey Kaus, yesterday:

I don’t quite understand why President Obama has to claim that General Motors is a great success story (“back on top … [b]ecause America always wins when the playing field is level …” etc.). Why couldn’t he say: “We gave GM and its employees another chance, at a time when our economy was fragile and couldn’t absorb a massive shutdown. Now it’s up to them. They have the tools they need. They may make it–I hope they do. They may not. We aren’t going to bail them out again.”