Cynical Synapse

Tue, 23 Jun 2009

Obama: I Don’t Want to Run a Car Company. Wink, wink

Filed under: Bailout, Business, Cars, Economy, Michigan, Politics — cynicalsynapse @ 8:42 pm

How many times have you heard President Obama or the administration don’t want to run a car company? But, do the facts bear that out? I think not.

First, the Obama administration “fired” GM CEO Rick Wagoner. They pushed for the sale of Chrysler to Fiat. And now they’re involved in selecting which plant will build GM’s new small car.

While lots of folks insist domestic automakers are in the trouble they’re in for not making the “right” vehicles, I submit they produced what consumers wanted to buy. Consider reactions to Obama’s increased MPG requirements. The domestic auto industry is the victim of the financial industry’s greed and last year’s $4/gallon gas prices. The lingering effect is no one can get a loan to buy a car. Hmmm. So what’s up with the $700 billion to the banks just for that?

President Obama has said, repeatedly, that he doesn’t want to run a car company. Actions speak louder than words, however, and the actions don’t seem to match the words. And then there’s that pitch…


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