Some key points in the piece.

• The President campaigns on the "success" of GM but it really wasn't.
• As a result of the Obama Administration being able to protect UAW interests in a rushed-through bankruptcy process, many of the underlying problems at GM were not addressed. 
• The belief that an influx of $50 billion of taxpayer money and the removal of $28 billion of bondholder debt could permanently fix GM's problems was a major miscalculation.
•  Akerson laments a bloated bureaucracy at Government Motors that has not greatly improved since the company's 2009 bankruptcy process.
• The Obama Administration did have an opportunity to slow down and think things out during the 363 bankruptcy process. When my group that represented individual GM bondholders requested that the process be slowed down, the Task Force threatened to pull out and allow a total liquidation of GM. GM now has to live with the government's decision to ignore operational weaknesses at the company while striving to ensure that the UAW was not adversely affected.
• The denial that pension obligations and labor costs put GM at a competitive disadvantage is also cause for GM shareholders to be concerned