Wake up, America.
GM came first to Bush and then Obama because of shitty management. Ford and Chrysler have unions too but management learned how to negotiate and push them.
If GM wants government off its back, they need to do what Ford has done and deny any bailout money but they can’t. They’ve spent the last 10 years running their company into the floor and can’t survive without it.
I am against this bailout and think in any capitalist system if you suck, you fail, you get bankruptcy. But so long as any tax money is being handed to shitty companies I sure as hell want conditions with it.
Now if Obama seeks the Ford CEO’s resignation when no bailout money goes to Ford, that would be facism.
But for GM to lose 95 percent of its total value under Wagoner, over 80 billion in losses in three years, taking 25 billion in bailout money and another 40 billion in loans, then people come in here and call this facism that Wagoner is being fired just sounds like complete idiocy if not down right lunacy.