From a man who never ran a business or made a budget.
Heck, I don’t see how throwing money at the problem is going to fix it. They must be allowed to fail, so that they will downsize, and come back smaller, stronger and more efficient.
Plus, their workers making obscene amounts of money due to unions doesn’t help, either.
Now, the biggest problem the auto industry faces ~ the arrogance of its automobile sales managers.
We've all met them. Their counterparts on the production side have been running these companies into the ground for the last 5 decades.
No doubt Obama got to see some of their Congressional testimony ~ on a smoke break most likely ~ a very long smoke break in fact. And all at once it inescapably occurred to him, just like it did to virtually every Freeper, all the union guys, the folks with stores, school teachers, housewives, teenagers with drivers licenses, grandparents, uncles, aunts and maybe even a few RINOs, "I've met those guys ~ they tried to sell me a different car than the one I wanted or could afford".
I doubt you need to run a business to recognize who the top guys at the BIG THREE are. You don't need to know much about budgets to get that sinking feeling that these guys are trying to screw you again.