When is Obama going to let GM go bankrupt and restructure on their own?
They lost almost another 10 billion in the 4th quarter even though they got some help. What a waste!
Perhaps sooner than you think.
I think they’ve had ample help to get them out of their old mindset and back on track.
FYI….Bush started giving GM bailout money way before Obama.
This entry was posted on Tuesday, December 8th, 2009 at 7:50 am and is filed under going bankrupt. Follow the comments through the RSS 2.0 feed. You can post a comment, or leave a trackback.
Obama wants to keep GM going to make the new Obamavich, the peoples car, modeled after the Moscovich in Russia, next GM will be retooled to make our new Pol Pot Pajamas
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December 8th, 2009 at 1:12 pm
as soon as the people make it clear to these companies and to obameeeee that we are NOT going to bail the scumbags out anymore
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December 8th, 2009 at 1:21 pm
Perhaps sooner than you think.
I think they’ve had ample help to get them out of their old mindset and back on track.
FYI….Bush started giving GM bailout money way before Obama.
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December 8th, 2009 at 1:57 pm
They had 8yrs. under Bush to do that, what’s the rush now.
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December 8th, 2009 at 2:10 pm
Soon I hope.
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December 8th, 2009 at 2:47 pm
If GM goes bankrupt, they will be finished because no one will buy their cars without guarantees re trade-in value and special warranties for service.
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December 8th, 2009 at 3:35 pm
Yes, unfortunately you are right, and that’s what should have happened to ALL of these companies including the banks.
Just another example of Bush fiddling with markets he has little understanding of – and now unfortunately Obama too.
The American system works – let them fail, refinance and restructure. As it is we are just pissing all our money down a hole we will NEVER fill.
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December 8th, 2009 at 4:21 pm
EASY! Come ON people how about a tougher question! GM will go bankrupt right after Obama successfully achieves his goal to bankrupt the entire USA. Come on get with the program. Go Obama Go GO OBAMA
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December 8th, 2009 at 4:30 pm
Obama should definitely let GM go bankrupt, that is the only way they can get rid of those incompetent know nothing, overpaid executives, who don’t know cars, everything is ass backwards now, the executives and the marketing knuckle heads tell the designers and engineers what kind of cars to build, that’s why they are putting out all of this junk, what they need is a clean sweep and to rebuild, no more taxpayer money to idiot MB A’s.
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My own genius.
December 8th, 2009 at 5:15 pm