Posted on 04/07/2010 8:05:27 AM PDT by Starman417
Oh what a difference a year makes. It was April last year when a fresh faced POTUS, still riding high and flush on soaring rhetoric and ratings, decided to seize control of Chrysler and GM via Nicorette-filled, back room deals. At that time, Obama fired GM's CEO, installed a bunch of know-nothing auto czars, and then recently carried thru with his promise he would alter fuel requirements to force restructuring of the production line in order to change a nation's addiction to combustion engines.
Bold moves for a guy who's only viable credentials are playing the leading man in elaborate fund raising events, and being a community organizer. But that this president did, telling the nation it was yet another necessity. And he did so on the taxpayers' nickel. American's are on the hook for 61% of GM, and 10% of Chrysler.
And how are they doing? After cash for clunkers conked out, the unsustainable sales fell away as predicted. Again Ford - the only privately owned American auto company left of the big three - remains the only domestic performer. Meanwhile, a floundering GM and Chrysler are planning on importing foreign built cars as part of their financial "restructuring"...
Boy, ain't that good news. Is this what Obama had in mind as "saving or creating jobs"?
But it gets worse for us - the taxpayers.
Read more at floppingaces.net...
when an acorn advisor runs the country....
And if the president of GM had called a press conference and told the POTUS "You can kiss my a$$, you Socialist puke! Show me in the Constitution where you are granted the authority to fire me!", it might have set a precedent that could have stopped this Obamination in it's tracks.
That’s right. The CEO should have challenged Obama’s eligibility to be President.
The day I start paying UAW pensions as a reward for the cr*p GM managed to fool me into buying in past years is the day that I join the underground.
Heh UAW - shove it up your smelly Obamas.
Exactly. They all rolled over. I would love to know why.
Rolled over like a Chrysler bond holder...
Because Obama is black.
Anyone want to see how this is goint to end up? Read the history of British Leyland.
Whut? The hell you say?
Who knew?
GM is running a hideous radio ad. A married couple talks about buying a Chevy Malibu for the first time. The wife, who is obviously Asian, talks in a heavy Asian accent about how “she has only owned Toyotas her whole life, but now it’s time for Chevy”. If a Conservative tried this the racism charged would be flying!
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