GM bankruptcy: an opportunity?

The New York Times journalists Jack Healy and David Stout wrote an interesting piece today examining the positive spin the White House and General Motors Corp. are trying to put on the company's recent filing for Chapter 11 bankruptcy.
Great analysis like this of how business events are framed by those involved will never fail to serve readers a healthy dose of perspective.
From the story:

"In Washington, Mr. Obama was more than halfway into a speech before he mentioned the word "bankruptcy” in the same breath with “G.M.” Fritz Henderson, the company’s chief executive, spoke for 20 minutes at a news conference before saying the b-word. And a press release from G.M. described the move as a 'fast track to competitive future.' "

View the story here.