Andy
Well-Known Member
- Joined
- Jan 6, 2008
- Messages
- 3,497
Extreme abuse of power: "While GM has made a good faith effort to restructure over the past several months, the plan they have put forward is, in its current form, not strong enough. However, after broad consultations with a range of industry experts and financial advisors, I'm confident that GM can rise again, provided that it undergoes a fundamental restructuring. As an initial step ... Rick Wagoner is stepping aside as Chairman and CEO. ... In this context, my administration will offer General Motors adequate working capital over the next 60 days. During this time, my team will be working closely with GM to produce a better business plan. ... Let me be clear: The United States government has no interest or intention of running GM." --Barack Obama
Huh? So the government has no intention of running GM, but government bureaucrats are going to make the business plan, and provide the money (which we don't have) to run the company, and he just kicked out the CEO....
But he has no intention of running GM! Right....
And we've seen how well he's running the government right now... I'm sure he'll do a better job with GM.