Posted on 12/07/2008 12:45:13 PM PST by NormsRevenge
CHICAGO - President-elect Barack Obama announced support Sunday for a short-term government bailout of the nation's carmakers that is tied to industry restructuring. He also accused auto executives of a persistent "head-in-the sand approach" to long-festering problems.
Obama said Congress was doing "the exact right thing" in drafting legislation that "holds the auto industry's feet to the fire" at the same time it tries to prevent its demise.
In an appearance on NBC's "Meet the Press" and later at a news conference, Obama at one point suggested some executives should lose their jobs.
(Excerpt) Read more at news.yahoo.com ...
“Yes, if you drive a major corporation into the ground, you should lose your job.”
Yes, and then get a job in government ala Reuben.
I have the same attitude toward Obama, his various political bosses like Daley and Soros, along with Dodd, Pelosi, Reid, Kennedy, Kerry, Leahy, Byrd, Murtha...
Dodd: General Motors Executive Should Resign in Exchange for Bailout
FOXNews.com | Sunday, December 07, 2008
Posted on 12/07/2008 1:09:09 PM PST by Abathar
http://www.freerepublic.com/focus/f-news/2144570/posts
On the suggestion of firing the CEO's. I recall Mulally turned Boeing around to profitable and Ford made him an offer and he took it to do the same for Ford. Mulally hasn't been at the helm of Ford long enough to be blamed for anything, good or bad.
I do blame Barney Frank, Chris Dodd, Pelosie, Reid and lots of other democrats and the policies they instituted on energy and the regulation of business for the sudden collapse of the economy.
I just hope what's left of the Republican party has the testicular fortitude to stand up for conservative values and protect business. A poor man never hired anybody.
Gee, I sure am glad we can depend upon Husseins vast business and financial experience. I wonder what he thinks about people who went through a hundred million dollars + in something like, oh, the Annenburg thing, with no measurable positive results?
Many reasons - they're held hostage by union bosses who can shut down the entire process with sole source parts from one plant (like they did in Flint with brake linings) and just in time mfg keeping inventories to a bare minimum, partly greed - hard to say no to Joe line worker's request for a lower co-pay when the boss is pulling down $44 million a year, and part wishful thinking that things will always get better and if they can just hold on long enough for retirement, it'll be someone else's problem.
I blame both the auto executives and the UAW for the failure of the industry.
The UAW is to blame for demanding too much.
The auto executives are to blame for:
Giving in the UAW Demands
Electing to make vehicles that people did not want to buy
Designing and building vehicles that are of far lessor quality that cars made by Japanese auto companies
Not modernizing their facilities
Deciding to build large vehicles such as the Suburban and H-3 when it was obvious that the customer wanted more fuel efficient vehicles.
Selling crap like the Pontiac Aztec
Being dumber than the Japanese auto executives who had a much greater insight to the American market than the American auto executives.
No one sighed a contract with a gun to their head.
The UAW is to blame for demanding too much.
The auto executives are to blame for:
Giving in the UAW Demands
Electing to make vehicles that people did not want to buy
Designing and building vehicles that are of far lessor quality that cars made by Japanese auto companies
Not modernizing their facilities
Deciding to build large vehicles such as the Suburban and H-3 when it was obvious that the customer wanted more fuel efficient vehicles.
Selling crap like the Pontiac Aztec
Being dumber than the Japanese auto executives who had a much greater insight to the American market than the American auto executives.
You and I are in complete agreement. The only question is will Congress make it worse? I'd say they probably will.
Yeah, for getting into bed with the unions. But I bet that steaming pantload 0bama didn't mention that part.
Congress, no matter who is control, when they act, will make things worse.
The Great Obama has spoken...and is displeased.
So he wants to reward his homeland for failure but not Americans?
A yep!
Sure they did. The UAW shut down the entire company with a strike at one plant in Flint when GM could least afford it. Boeing just went through this process with the machineists. It blew any chance of having a Dreamliner out this year. I'd say that's better than a gun.
Its very hard to keep track of all Obamas business achievements, but I try.
Let me count again.... still 0.
“they are going to install F.O.B. in there...
Interesting? Friends of Bill....or....Friends of Barack?
No one is forced to sign contract. However, one may find himself in a weak negotiating position and usually one finds himself in a weak negotiating position due to past mistakes.
I blame both the auto executives and the UAW for the failure of the industry.
The UAW is to blame for demanding too much.
The auto executives are to blame for:
Giving in the UAW Demands
Electing to make vehicles that people did not want to buy
Designing and building vehicles that are of far lessor quality that cars made by Japanese auto companies
Not modernizing their facilities
Deciding to build large vehicles such as the Suburban and H-3 when it was obvious that the customer wanted more fuel efficient vehicles.
Selling crap like the Pontiac Aztec
Being dumber than the Japanese auto executives who had a much greater insight to the American market than the American auto executives.
I suggest some Politicians lose their jobs.
They did, in the last two years 12 Republicans have lost their Senate Seats and more than 50 GOP House members have lost their seats.
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