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GM's New Car Made With US Government
#21
Hey, this one should have gone in the new Funnies forum.
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#22
ibofightback Wrote:The government does not want to run GM.


U.S. Expected to Own 70% of Restructured G.M.

By MICHELINE MAYNARD and DAVID E. SANGER

Published: May 26, 2009

DETROIT — In better times, many employees of General Motors called their company “Generous Motors” because of its rich benefits.

Now G.M. may stand for something else: Government Motors.

“No one is going to put U.S. government employees on the G.M. board,” one person close to the ongoing discussions said on Tuesday.

The day-to-day running of the firm, this person said, would be left to professional managers, and the government would not be involved in decisions about closing factories, renegotiating contracts or selecting product lines.

But that may not be so easy. Already, members of Congress have been calling Steven Rattner and Ron Bloom, who are running the auto task force, to complain about the closing of Chrysler and G.M. dealerships in their states.

As factories close or move, those calls most likely will grow more intense, in part because members of Congress will have a hard time explaining to constituents how the government could own 70 percent of the company and still have no control over deciding which factories stay open and which are closed.

Mr. Obama’s representatives may also feel compelled to weigh in on the design of new models to achieve his goals for greater fuel efficiency and lower emissions.

“Every decision down to what material is used in the bumpers will be seen, rightly or wrongly, as government-influenced,” said one person who was a consultant to Mr. Obama’s task force. But clearly the administration will have oversight to select or remove management as it already had in ousting Rick Wagoner as chief executive in March.



http://www.nytimes.com/2009/05/27/business/27auto.html
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#23
Aren't you suffering any cognitive dissonance at all?
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#24
Another one of your leaps of logic. Faulty premises lead to faulty conclusions.
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#25
you claimed the Obama administration was doing this stuff, yet this article explicitly states otherwise
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#26
Your premise is that the Obama administration is not pulling the strings and directing the bankruptcies?

Do your not remember these headlines?

GM CEO Wagoner forced out by White House :: CHICAGO SUN-TIMES ...

GM CEO resigns at Obama's behest - Mike Allen and Josh Gerstein ...

Government Forces Out Wagoner at GM - WSJ.com

Question, if the Obama administration is not in control of the auto task force that it created, who is?
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#27
The article says all that needs to be said
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#28
From the article:

Quote:The day-to-day running of the firm, this person said, would be left to professional managers

Yeah. And George Bush didn't run the day to day operations in Iraq. But whose war was it?
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#29


Long Island lawyer Leonard Bellavia, who represents some of the terminated New York dealers, wants Gonzalez to delay approval of the restructuring. After taking a deposition Tuesday from Chrysler President Jim Press, Bellavia said Press did not seem to support the plan.

"It became clear to us that Chrysler does not see the wisdom of terminating 25 percent of its dealers," Bellavia told Reuters. "It really wasn't Chrysler's decision. They are under enormous pressure from the President's automotive task force."

Howard Kuperman, president of the New York Auto Dealers Association, said the dealers "don't understand how any car dealership can cost the manufacturer money."


http://www.recordonline.com/apps/pbcs.dl...25/-1/NEWS
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#30
ibofightback Wrote:you claimed the Obama administration was doing this stuff, yet this article explicitly states otherwise


Uh... yeah. These are the leaders and the members of Obama's Auto Task Force that is "restructuring" GM and Chrysler. I can't see anything that traces back to the Obama administration. Do you? :blink: :blink:

The ones in bold are cabinet level members of the Obama administration appointed by Obama himself.


Obama administration's task force

By THE ASSOCIATED PRESS – 6 hours ago

President Barack Obama's auto task force was appointed three months ago to coordinate the government's restructuring efforts of General Motors and Chrysler LLC.

LEADERS:

_ Treasury Secretary Tim Geithner. Geithner was the head of the Federal Reserve Bank of New York when Obama nominated him in November. His other tasks have included efforts to revive the nation's ailing banking sector.

_ National Economic Council Director Larry Summers. A Treasury secretary under former President Bill Clinton, Summers, an economist, was also president of Harvard University.

MEMBERS:

_Transportation Secretary Raymond LaHood. LaHood is a former Republican congressman from Illinois.

_Commerce Secretary Gary Locke. He was previously a Democratic governor of Washington state.

_Labor Secretary Hilda Solis. A former California Democratic congresswoman.

_Energy Secretary Steven Chu. A Nobel-prize winning physicist, Chu was a professor at University of California, Berkeley.

_Chair of the President's Council of Economic Advisers Christina Romer. A former University of California, Berkeley economist, Romer is heavily involved in developing Obama's recovery plans for the broader economy.

_Director of the Office of Management and Budget Peter Orszag. An economist, Orszag served in the Clinton White House and was most recently head of the Congressional Budget Office.

_Environmental Protection Agency Administrator Lisa Jackson. Jackson served as commissioner of the New Jersey environmental protection office before being selected by Obama to run the EPA.

_Director of the White House Office of Energy and Climate Change Carol Browner. Browner led the EPA during Clinton's two terms in office.

OFFICIAL DESIGNEES:

_Diana Farrell, formerly of McKinsey & Co., is deputy director of the National Economic Council.

_Gene Sperling, a former White House economic adviser to President Bill Clinton, is a top Treasury adviser to Geithner.

_Jared Bernstein, Vice President Joe Biden's economic adviser, is a former senior economist at the liberal Economic Policy Institute.

_Edward Montgomery is a senior adviser to the Labor Department.

_Lisa Heinzerling, a Georgetown University law professor, is a senior Environmental Protection Agency adviser.

_Austan Goolsbee is staff director and chief economist of the Economic Recovery Advisory Board.

_Dan Utech is a senior adviser to the secretary of energy.

_Heather Zichal is deputy director of the White House Office of Energy and Climate Change.

_Joan DeBoer is chief of staff for the Transportation Department.

_Rick Wade is a senior adviser at the Commerce Department.


http://www.google.com/hostednews/ap/arti...gD98EPH1G0
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