Oh really.....?

http://online.wsj.com/article/SB123879833094588163.html

 

The presidents last car was a 2005 Chrysler 300C. We know at least he like RWD and V8 power.

 

Fixed that for you.

 

Now that is funny....you think our government (which maintains the largest debt known to man) cares about what is bad business. The whole charade would have never made it this far if doing "good business" was the intention. They would have either fixed GM, or let it go bankrupt. No grandstanding needed and putting puppet executives in place.

I mean honestly....I never thought I would see the day where a public company would have it's CEO dismissed by the President. At that point in time, GM became functionally bankrupt and nationalized. Now the 50% ownership stake just puts it on paper.

 

That he sold for an Escape Hybrid when he became a national politician....

 

I thought that was unjust and very poorly handled. What kind of message did that send to GM employees, making a big stink that Obama wanted Wagoner out? It couldn't have been good. Our new President is not exhibiting grace in power, IMO. But oh well. I'm not one to dwell on the negative. I always try to "see how the glass is half full." And as others here have said - if not for the recent US Government intervention (warts and all), there would be NO GM at all today. It would have simply been liquidated and instead of seeing pictures of cherry Chevys, we'd be reading about Chery Chevys



Here's to a government that for all it's warts and foibles, has helped save an American tradition

 

Fingers crossed, that is.

 

Are you sure he didn't have an AWD model?

 

It looks to me like Barney Frank et al brokered a back end deal that tries to force some more profits in while wrapping the overall package in a thin layer of protection for the taxpayers.

Time will tell...

 

I love that they came right out and said that. Whether you like or dislike their politics, at least they're being transparent about it.

They don't want to run the automakers, but for now, it appears that they do want to run the banks. Only partially Orwellian.

Let's not get too deep into the politics of this, folks.

 

Sorry, I forget that tone doesn't come through on these threads... your comment was totally un-PC. But it was hilarious.

 

Which I doubt he has ever driven, maybe never even seen. That is the terrible thing about the job, you never get to drive your self again. But I guess his staff probably told him not having a car isn't an option either.

 

What instant fix plan would you have used that would have resulted in GM being "fixed", self sufficient and profitable between December and now? What grandstanding is taking place?

Seems to me all I've read on any GM related message board in the last two years was how GM needed to ditch Rick Wagoner and get rid of the board of directors. Now that happens and it's a conspiracy?

I don't know if I think that Wagoner deserved to be dismissed or not, but when the captain's on board the ship when it crashes, even if he's not at the helm and he doesn't get fired, the guy who owns the ship sure wants to know why. With a public already greatly against the industry, Wagoner was a sacrifice to show that the plans weren't the same old same old.

Other than what has officially been announced by GM so far, everything else is speculation.

 

Wait, it's in the press, so it must be true!

Time will tell how this plays out. So far, it seems like they won't be running GM, but if it becomes beneficial to use it as a political tool, who knows.

 

ROFLOL. There weren't my diet DP all over the table!

OMG that was classic!