by Laura Conaway

WSJ
Wall Street Journal

Breaking now: Strategy discovered

All day, I've been looking around for something amazing to post about the news from Detroit. General Motors is axing 2,600 dealers, 21,000 workers and four brands (including Pontiac and Hummer) — and leaving the U.S. in the position of owning at least half the company. Chrysler, meanwhile, says it has reached a deal with the United Auto Workers Union, with the terms for the rank-and-file vague enough that one guy on an assembly tells us he's guessing it means a pay cut, but who knows how big.

And then there's this banner headline that appeared on the Wall Street Journal's homepage around 2 p.m.:

"GM CEO says company needs to be run simpler, leaner in future."

Sure. Let's try that.