The Government forced GM head Rick Wagoner to hand in his resignation.

Having a new head at GM may not be a bad idea, but a government that is directing business decision making certainly is. 

Back in 1975, the government bureaucrats had determined that the airline industry could only survive with governmental oversight.   And "oversee" they did! 

In fact the oversight became so complete that many decisions were forwarded straight to the White House.  Newly appointed President Ford was having to decide whether two airlines, owned by the same parent company, could use the same uniform style for both firm's pilots.  

Ford said, "ENOUGH".  In his post-presidential autobiography, Ford was stunned that the "oversight" had become so inane.  He lamented, "If my mother ever envisioned me as President, I don't think she dreamed I'd be making such minor decisions."  

While many on the left dream of the government running major corporations, the right is filled with dread over the prospect.
I think Obama will quickly get his fill.

Although the White House has taken over GM (literally and figuratively), they'll quickly realize that they will now be held accountable for GM's future, including: the stock price, union negotiations, future model designs, interior fabric colors, the number of cup holders in the car, the owner's manual type font.........   I think you get the point.  Once you start down the path, there's no end to the decision making or the criticism.  And each decision gets held up to the scrutiny of your administration's policies.  
    "Why do you oppose tobacco smoking but still allow there to be ashtrays in GM vehicles?"  
    "How come you haven't replaced the Yukon's leather interior with a more environmentally friendly material?"

Team Obama will quickly long for the day that they could have an impact on major policy topics that don't include the vagaries of the automotive industry.