Sunday Night Breaking: Obama’s auto czars reject GM/Chrysler plans

Yeah, that’s what I want to own: a GM auto built under the direction of an Obama appointee. Kind of reminds me of the Soviets building FIATS and calling them LADAS.

Just three months ago, almost everyone in government and the auto industry was saying that “bankruptcy is not an option,” so what changed? Which czar saw the light?

At least we didn’t waste another 10 or 15 billion dollars (yet) before at least considering the option. But hey, were only talking billions here; nowadays that’s chump change.

It just occurred to me – chump change must be the change Obama keeps talking about.

This doesn’t look good, and I’m getting queasy too!

Jeff V

Let me say right up front whenever the Obama administration makes a decision I automatically ask “What’s in in it for them, what dirty trick are they trying to pull on regular Americans”
Ok so here’s what I think.

The top selling vehicles in the US so far in 2009 are
#1) Ford F150 Pick Up … 2) Chevy Silverado Pick Up … #3) Dodge Ram Pick Up.
Link: http://www.walletpop.com/blog/2009/02/23/best-selling-american-cars-for-2009-the-list-might-surprise-yo/

We Americans aint supposed to be buying these gas guzzlers, (Obama doesn’t care if you run a business and need one, or if you have a camper or trailer to haul around) we are expected to buy ‘green vehicles’ teeny tiny cars (kids, dog, granny, shopping all crammed together in the small rear seat) cars with teeny tiny wheels (tires fully inflated) that are earth friendly and creep along using earth friendly fuel…..Bottom line guys Americans are not on board with this ‘Green car’ thing so our ‘dear leader’ is going to confiscate the manufacturer and make sure they force you to see the light (if you can still afford light after ‘dear leader gets thru reorginizing energy)…. GM’s Rick Wagoner is in cahoots with Americans by making the gas guzzling vehicles Americans want to buy so its ‘hit the road Jack and take your gas guzzing restructuring ideas with you and let the government reorganize this industry to build mostly ‘earth friendly green cars’ and for force these pesky Americans to give up their trucks and SUVs.
.

It’s a shame that we can’t require Obama and Geithner to submit *their* proposals (budget and financial bailout, respectively) to a similar *outside* agency before we cough up more tax money or allow the Treasury to print more money.

Yes, I know that Congress is supposed to do that very thing for the budget, and the Fed (FOMC – Federal Open Market Committee, currently under Bernanke) has the same responsibility for the money supply; it’s just that they seem to have reached the pinnacle of dysfunctionality, and something needs to be done to fix them.

Just my two cents’ worth – it’s all I can afford anyway.

Jeff V

Awesome, so now the extended warranty I pay for every month, is backed by ME, who pays their taxes every paycheck. Just wonderul. OMG! I never thought I could be THIS MAD!