Op ed: Ralph Nader thinks Obama's $GM plan is a "raw deal": He asks why a "secretive task force" is determining the company's fate instead of congress

Ralph Nader came out swinging against Obama's GM fix in a WSJ op ed piece....

What public purposes animate the government's planned rescue of General Motors Corp?
 
Millions of people in communities across the country depend on the government getting the GM rescue right. That's why it is startling -- and mistaken -- for the future of GM to rest with a small, largely unaccountable, ad hoc task force made up of a handful of Wall Street expats.

A congressional abdication of authority of historic proportions has left the executive branch with nearly complete discretion over how to handle GM and Chrysler's restructuring. President Barack Obama has further delegated authority, giving effective control to this task force, which operates under the titular authority of a top-level interagency group headed by National Economic Council Director Larry Summers and Treasury Secretary Tim Geithner.....

The case for congressional involvement would be solid enough on constitutional and procedural grounds alone. But the secretive task force's plan raises red flags and requires Congressional examination in open hearings. With the government set to take a 70% ownership stake in GM, there are too many unanswered, troubling questions to proceed with a risky bankruptcy declaration. Here are 10 pressing issues among many:....

Obama's GM Plan Looks Like a Raw Deal - Wall Street Journal