All I see is Obama messing with private industry more and more. Whatever happened to the fact that this is a country that believes in capitalism not socialism??

If he thinks they don't deserve the money then let them go bankrupt.

 

Being in an area hit hard by GM (lack thereof) I really hope they don't go under....

You honestly can't tell me that one man (Obama) is going to change things this drastically single handedly. Look at our history..... America has been a socialist country for quite some time..... They just don't want to admit it.

 

We don't need the government blatantly telling PRIVATE industry who is allowed to run a company and how they should be doing it. But that's what it seems Obama thinks he's entitled to do.

 

Whatever you do, don't own the problem.

Why not just nationalize the auto industry? You know he wants to. All those loyal union workers on the government payroll. Mmmmmmm.

He obviously believes it's government that allows a private company to succeed or fail. They couldn't possibly just step aside and let the markets and industry work themselves out. The winners and losers are determined by the Man, not by the people. And that makes me sad.

 

I love the fact that he is demanding Chrysler partner with Fiat or they don't get the money. First, who says Fiat wants them. Second, who is he to tell a Italian company what to do? Third, partnering with Benz worked out real well for Chrysler, right?

But government will solve it all.

 

Easy for Obama to place the blame on the previous Administration . . .

Oh wait . . . HE WAS PART OF THE PREVIOUS ADMINISTRATION! Mr. Senator!

 

I think that Chrysler and Fiat already have a deal, there just trying to reach a deal with the Union's. If that happens or not who know's.

 

Apparently we do because looks whats happened in the last year. I guess these companies need some sort of seeing, they haven't done a thing. Look at the Housing fallout, Fannie May,Freddie Mac etc giving crap loans.
Not to mention the banks giving out Bad loans that they knew people could not afford.

Seems to me with everything that has happened this year and past year's, alot of Companies need some sort of babysitter.

 

I usally am not an alarmist but I see the present adminstration getting into things that goverment just should not be doing.

GM taking goverment money looked like a good idea but now they are a goverment funded company and the goverment in charge and inflict their ideas on this company.

Right now GM would be best suited to file Chapter 11 screw the goverment out of their money and start over with the baisics.

As it looks now it is either GM screws the goverment or get screwed by the goverment.

I would not have problems with the Obama admin calling the shots if they had some creditable people helping them but who do they have? Look at the autro advisory group he put together and none have good solid experience in the auto industry.

Anyone with a real working knowledge know Rick had nothing to do with this. The flawed system at GM that rick was trying to change was the problem. Even someone like Rick would have problem changing this system that is so large he could not afford to do it all at once.

Their is only one system out side GM more messed up and it is the system in DC. I am not saying it is Dems or Repubs as they both have damaged the system over the years. Now they want to run GM....

We have entered a historic slippery slope in our goverment. I fear now they will push for us to join in to the Euro economic system once they drive down the value of the Dollar.

 

I think we should resort to becoming a complete Socialist state....

And acknowledge it!