Obama didn't ask Congress about ousting Wagoner

President Obama didn’t want any advice from Congress on the decision to ask GM CEO Rick Wagoner to resign, according to Carl Levin (D), Michigan’s senior senator.

“He didn’t ask us about it, he informed us,” Levin told reporters in a conference call Monday afternoon. “The president said he’d already decided.”

Levin said he and three other lawmakers were informed of the decision in a phone call Obama made from the Oval Office. Obama told the members of Congress that Wagoner needed to resign so that the administration could show the public it was making an effort at a fresh start with helping the auto industry, according to Levin.

Well, if not with our Congress, the Kenyan Clown may have to share power over GM with a few other heads of state. I was reading through GM's latest 10-K, and noticed the following:

We are also in the process of requesting temporary loan support from certain foreign governments, including Canada, Germany, the United Kingdom, Sweden and Thailand, and have assumed for purposes of our Viability Plan that we will receive up to approximately $6.0 billion in financing from foreign governments to fund operating requirements, plus amounts to satisfy certain legal obligations. We believe that obtaining funding from these governmental sources will be necessary to continue to operate our business in its current scope. We have not received any commitment with regard to the additional proposed borrowings from either the U.S. government or any foreign governments, and there is no assurance that we will be successful in obtaining the additional governmental funding we will need to continue to operate our business. The failure to obtain sufficient funding from the US government or governments outside the United States may require us to shrink or terminate operations or seek reorganization for certain subsidiaries outside the United States. If we fail to obtain sufficient funding for any reason, we would not be able to continue as a going concern and could potentially be forced to seek relief under the U.S. Bankruptcy Code.

The 10-K can be found via the SEC's Edgar database front-end: http://idea.sec.gov/Archives/edgar/data/40730/000119312509045144/d10k.htm.

(I was also a bit surprised to note at least one silly misspelling in the document, which is quite unusual for a major company's 10-K.)

Thanks for the ping; post. Don’t be shocked or fooled by Karl Levin.

Karl, “Are you now or have you ever been a member of the anti-truth, anti-freedom, anti-individual, anti-corporation, anti-life Democrat Crime Syndicate?”

No?

What about this piece of legislation with your name on it? Or this? Or this? Or this?, etc., etc.

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