Obama Tells Us He Doesn't Want To Run The Auto Industry, But Do His Actions Say Otherwise?

Obama Tells Us He Doesn't Want To Run The Auto Industry, But Do His Actions Say Otherwise?

President Barack Obama insists he doesn't want to run the domestic auto industry -- and we should all be thankful for that.

But his actions speak differently -- and we should all be worried.

"... I rejected the original restructuring plan" that Chrysler LLC submitted for government loans, he said April 30 in announcing his decision to force Chrysler into bankruptcy. "... And the standard I set was high -- I challenged them to design a plan ..."

That's a lot of self promotion and involvement from a guy who doesn't want to control the companies.

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To be sure, the government, with the investment of $4 billion in our tax dollars in Chrysler and $15.4 billion in General Motors Corp. needs to set guidelines and rules for repayment. If not met, call the loans and get our money back.

But forcing a private American company into bankruptcy because the president thinks it's the most prudent action. Um, no. Not by any measure.


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holmstarholmstar - 5/7/2009 9:20:51 AM
-1 Boost
Yeah, he reads from teleprompters, but at least he actually writes his own speeches. And no, I don't think he wants to run the automakers, just trim the fat and let them go on their way.


LexSucksLexSucks - 5/7/2009 9:45:54 AM
-1 Boost
StarSearch,

Obama = Harvard Law, Head of his class, Honors, the Smartest man in the room. Doesn't that just upset you? LOL!!

FWIW I think he's screwing up by not doing anything about the Bush Torture program. But he is doing an outstanding job. Do you think that McCain would have done better? LOL!!


cdokecdoke - 5/7/2009 10:25:19 AM
+4 Boost
LexSucks,

While I agree with you that Star's comments are inflamatory, do not confuse education with intelligence. I am not implying that Obama is stupid, but he is no genius.

In fact most people with extremly high I.Q.s as far as it correlates with intelligence are rather un-educated. Marilyn Vos Savant (the supergenius of all supergeniuses: I.Q. 228- she actually scored a perfect score on the Adult Stanford-Binet at 10 years of age) and Christopher Langan (I.Q. ~195)are both college dropouts, and Rick Rosner (I.Q. ~195)never really did well in school and I seem to recall that he never actually graduated from college. Ronald Hoeflin (I.Q. 180) is the only one I can think of with a Ph.D.- but is only a borderline supergenius.

Education and Intelligence are not the same, and education is not a substitue for intelligence.


EL34EL34 - 5/7/2009 12:07:39 PM
-2 Boost
LexSucks,

Your boy made the top of the class because of affirmative action.

It seems you like Lexus. There's is nothing more anti-American than driving a car from and built in a foreign country. You're not supporting American car companies and you're not supporting the UAW.

Obama does not write his own speeches, he reads off the teleprompter what someone else wrote for him. A good example is when he thanks some people in the room and after he read off the prompter for a minute the names came up again and Obama had to tell the prompter operator to speed it up.

Did you hear about Osama buzzing Lower Manhattan with Air Force One and a couple of Air Force F-16's? That dolt Obama tells GM they can't fly their corporate jets and then the dolt waste $350k of the tax payers moneys for a photo op and scares the hell out of the people and says he's sorry it won't happen again. I think what Obama did was an experiment and it was torture.

Next Osama and hair plugs goes to a hamburger place and buy dozens of hamburgers. That must have cost $20,000 to haul the secret service out to protect him.

BTW, what happened to the dog? Boy did that fizzle out!

Did you see Michelle Obama handing out food to the homeless wearing $540 sneakers?

Just remember when big Lib Truman dropped two atomic bombs onto civilians What was it Bush did? He water boarded 3 high ranking terrorist that conducted 9/11.

Go ahead and put Bush and Cheney on trial and you will see Obama's economy go down to levels this country has never seen. I dare you.

Look at it this way, you have abortion. Keep up the good work ad good luck.


fred3fred3 - 5/7/2009 12:52:10 PM
+3 Boost
Agree about education vs intelligence..
EL34 is not educated (salesman) and is below average. An intelligent person doesn't spend all his wake hours posting here.


LexSucksLexSucks - 5/7/2009 5:31:10 PM
+1 Boost
"Did you hear about Osama buzzing Lower Manhattan with Air Force One and a couple of Air Force F-16's?"

- Obama wasn't even in AIR-FORCE-ONE at the time. Blame everything on Obama even if he didn't plan or know anything about it?

All I see here are sour grapes. Obama is the President of the USA. Get over it.


EL34EL34 - 5/8/2009 12:20:41 AM
+3 Boost
You yahoos just wait for the the high interest rates Obuma is not telling you about.

It's coming!


LexSucksLexSucks - 5/8/2009 5:02:49 PM
+3 Boost
BimmerMike46,

Who would you recommended that had enough time to observe? Name a person who you would think would do a better job. Please?


finishlinefinishline - 5/7/2009 9:38:51 AM
+3 Boost
No matter what he did, you wouldn't be happy. If he didn't have oversight, then he would be spending irresponsibly. If he does, then he's trying to run the company.

Your post is anti-intellectual, inflammatory bullshit, and the kind of You vs Us political rhetoric that is so last 8 years.


rockerrocker - 5/7/2009 9:51:08 AM
-1 Boost
This country and any industry touched by the hand of OBAMA is in danger.


LexSucksLexSucks - 5/7/2009 5:32:49 PM
-1 Boost
"This country and any industry touched by the hand of OBAMA is in danger"

- Why? Care to elaborate?


XYZZXYZZ - 5/7/2009 10:54:55 PM
-5 Boost
one of those right wing fantasies.

NO ONE put us in greater danger than the neo-cons who SET UP 9/11, then had the whole u.s. air defense system stand down or simply be confused by the simultaneous war games.

it's only a matter of time before the recent discoveries of thermite residues in several locations downwind of the WTC prove there were pre-planted explosives. the towere were taken down in a planned demolition, in case the jets didn't do the job. which they could not anyway.

the neo-cons think NOTHING of murdering americans, if that gives them excuses to go to war. which is always HIGHLY PROFITABLE for them. (bush incidentally, was just a puppet, which explains all the CONFUSED LOOKS he had in the photos that day.)


lexusrox123lexusrox123 - 5/8/2009 8:58:13 AM
+4 Boost
you're one funny guy xyzz...you and your "9/11 conspiracy" cronies crack me up!


AmericaAmerica - 5/8/2009 10:16:33 PM
+4 Boost
One has to work at believing the 9/11 conspiracies with so much real evidence debunking them.

Just for starters try:

http://www.popularmechanics.com/technology/military_law/1227842.html




Yonder7Yonder7 - 5/7/2009 10:03:47 AM
+1 Boost
— rocker : Arabs wish you were right, but is not gona happen...


mcpercr9mcpercr9 - 5/7/2009 10:09:55 AM
+3 Boost
WTF he runs the government! With out the government these companies are gone 6 months ago! President forced them in to bankruptcy!?! Bad management of the companies and unions forced them into bankruptcy! What happend to all the profits from early 2000's I recall billions from several years these company have one bad year and they have no money! BS bad management period they f'ed themselves!


asternmadkatzasternmadkatz - 5/7/2009 10:38:39 AM
+2 Boost
I'd have to agree with mcpercr9.

Obama has given them the chance to survive and the means to stay afloat, but they have squandered that chance. Management, in the end, is always the killer of companies. Sure the unions didn't help much, but when you have idiots running the company, it'll all fall down on them.


EL34EL34 - 5/7/2009 12:10:18 PM
-3 Boost
I will never buy a car built by the Socialist UAW.

I hate the UAW and the sooner they go away the better off America will be.


NItePhireNItePhire - 5/7/2009 12:39:31 PM
0 Boost
I dont believe he wants to run the auto industry however do I do believe that he wants to be known as the President that saved it. Everyone has their legacy. Clinton had years of US prosperity as his, Bush has the way he handled 9/11(I didnt vote for him but he did a damn good job of responding)and so on.


fred3fred3 - 5/7/2009 12:47:52 PM
-9 Boost
I wouldn buy american cars period. The american worker is lazy and has poor craftmanship and quality. BTW Germany is a "socialist" society by US standards however, they make much better cars.


EL34EL34 - 5/7/2009 4:14:32 PM
0 Boost
fred3-

You say the American worker is lazy.

Are you saying all American workers are lazy or only those UAW people?

How about some of the guitar manufactures here in the USA and I'm not talking abiout the mass produced crap from Fender and Gibson.

Here is a list of them:

http://www.iaguitars.com/

http://www.thornguitars.com/

http://www.heatleyguitars.com/

http://www.lentzguitar.com/

http://finetunedinstruments.com/

http://www.collingsguitars.com/home.html

http://www.pantheonguitars.com/

I could go on and on for an hour :-)


EL34EL34 - 5/8/2009 12:18:30 AM
+1 Boost
Badgewhore-

All those guitars are made in Americans by Americans.

Most of those companies have 3 or 4 employees and build custom shop guitars.

Here's a few more.

http://www.suhrguitars.com/

http://www.groshguitars.com/

http://www.briggsguitars.com/www/swf/index.html


stonestone - 5/7/2009 4:50:37 PM
0 Boost
No Obama doesn't want to run the auto industry, what he is doing, is making the tough decisions that the executives either would not or could not make to save the company. During the SUV boom, GM was swimming in cash, not a single thought about the future and Chrysler had already changed hands twice. This is poor management people plain and simple. Someone needs to be making decisions for these companies because they have obviously demonstrated that they are incapable of making them for themselves.

Now for the ignorant people posting here: Obama is not a socialist, communist, facist or whatever label the haters want to throw at him this week. Out of the two candidates we had, he is by far the most competent to handle the crisis we are currently experiencing. To the op who said education doesn't equate to intelligence, you are correct, but you absolutely need to have a high degree of intelligence to be president of the Harvard Law review we are not talking about a bachelors degree from the University of Phoenix.

Finally, who cares what kind of shoes Michelle Obama wears, I can guarantee you there wasn't a single homeless person who knew or cared how much her shoes cost. I guess when you have no argument, any lame attack will do.

Stone


LexSucksLexSucks - 5/7/2009 5:34:50 PM
-1 Boost
Amen! Great post!!


cktoocktoo - 5/7/2009 10:48:54 PM
+2 Boost
You are somewhat correct. Obama doesn't directly want to run the car companies, but turn them over to his largest contributors, the unions, to run. Plus, he's hardly making tough decisions when he can just print money and/or tax the hell out of us (that WILL happen) to pay for all of this crap that is unconstitutional. And from the Chrysler deal, he's not making decisions, he's DICTATING, and in some cases by threats, according to one attorney involved.

I will grant you that poor management is involved and they should have been either replaced through shareholders or the board, not the gov't, and management should have dealt more strongly with the unions way back when they had the chance. Management hasn't run a car company for years, more like a pension and healthcare company. Unions are just as much to blame and were unwilling to give up much...until recently and too late.

I'm not really into name calling, but let's just say Obama is clearly in the camp of the Federal gov't running and or dictating pretty much everything he can think of. Again, not quite what the constitution had in mind. I'm sure you felt the same way about Bush, that people calling him names, were "haters". By the way, were you part of the Harvard Law Review? Have you ever heard of the expression, "it's not what you know, it's who you know?" or affirmative action...ask the firemen in Connecticut. No doubt he is intelligent, but this idea that he's a genius is a little old, especially when it comes to math...just ask the Chrysler or GM bondholders.

As for Michelle, again, I don't really care about her shoes, but i'll bet you dollars to donuts that if Laura Bush or some conservative were at a homeless shelter in $500 dollar sneakers, it would be front page news. That really speaks more directly to the utter lack of any objectivity by the media, however. I'm quite honestly more concerned about the trillions of dollars of debt that the Dems/Obama are piling on to everyone, but apparently that was only a concern to the media when Bush/Repubs were in office.

Either way, we are all screwed...although the unions might make out pretty well with car companies if Obama gets them their "fair share" of ownership.


mini22mini22 - 5/7/2009 5:57:28 PM
-1 Boost
Obama did NOT force Chrysler in to a BK. Chrysler came to the US government to borrow money because the were losing their F#X#Xg shirt.75% of their products stink and are not selling. The government simply said we are not a botomless pit. Come up with a viable reorganization plan if you want us to continue to lend you money.I believe if you are going to continue to borrow money from the government they have a right to ask how it's going to be used or have a right to "say" how it's going to be used.There should be no blank check to the auto companies,the banks, or ANY large corporation asking for billions of dollars of tax payor money.So when 001 raises the objection about the government interfearing with the running of corporation's like the auto companies my answer is: fine" Ford did not borrow any money(at least not yet). They are making their own decisions how things should be run at their company. If Chrysler and GM can do on their own without the US Government GREAT. Just give the government back the money that is due.However if you need the handout to stay afloat then you pays the consequences.There is one flaw in my aurgument though. Probably 70% of the reason people are not buying cars is because banks are STILL not lending money in sufficient quantaties to people with less then perfect FICO scores. Perhaps the government should have set up their own nationalized bank that will offer small loans for cars and businesses for people with fico scores under 700. That would have helped out the auto companies immnensly and perhaps could of staved off the dire financial predicament Chrysler and GM are currently in.Isn't it great to play the "back seat quarterback"!


LauderdaleDriverLauderdaleDriver - 5/8/2009 12:07:34 AM
-1 Boost
GM and Chrysler are wards of the state since Bush/Paulsen bailed them out, effectively making the USA the majority stockholder, or creating a kind of bankruptcy with a different name.

In either setting, it is normal for debtholders or the government to make decisions about keeping the companies alive, or liquidating them.

There is nothing abnormal about this scenario.

What's abnormal is the way that some view everything as a nefarious plot by Obama. Bush put us here, a decision with which I agreed. Obama is continuing a moderate policy, and it might even be working.





lexusrox123lexusrox123 - 5/8/2009 8:59:22 AM
+4 Boost
theres like 10 million ads on this single post.


crslmncrslmn - 5/8/2009 1:49:29 PM
+3 Boost
What was the article about? This is Autospies and not Politicspies right?


Bighead255Bighead255 - 5/8/2009 7:57:13 PM
+2 Boost
another right wing post on autospies Im truly starting to hate this site


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