...I have two questions to ask President Obama...
http://online.wsj.com/article/SB123841609048669495.html
...which I hope he addressed and I have just not found online.
1. Why is the government essentially subsidizing a buyout of Chrysler by an Italian company (Fiat)? If we're letting the jobs go overseas, why not just let it go bankrupt?
2. How does it help GM to sell cars to know the warrantee on it is run by the same people who are talking about rationing Health Care? ("Well, technically the fuel injectors are covered, but we don't deem that a critical issue. Come back in 6 months and try again.")
Is it any surprise that the market is greeting this announcement with a stock selloff?
3 comments:
I hope that warrantee promise is the first step to allowing some breathing room for a bankruptcy.
PS. As soon as Wagner apologized for building "bad cars" in the past, he should have been tar and feathered and run out of town on a rail! BAD CARS!!! Which ones were bad rick? Good riddance. This doesn't mean that I think the POTUS should have the power to fire him... but the fact that Obama does have that power means that Rick should be fired.
," Mr. Obama said, adding that all stakeholders will need to provide givebacks. "Only then can we ask American taxpayers, who have already put up so much of their hard-earned money, to once more invest in a revitalized auto industry."
I don't remember them ASKING us before they gave trillions to the GREEDY bankers..Wake up people..Obama is just Bush in a different suit.
Bush was free market. Obama is NOT. Our current president seeks as much government control as the American people will allow - which is much too much.
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