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Author Topic: Obama's New CEO: So Long and Thanks for All the Cash  (Read 2259 times)

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Offline SSG Snuggle Bunny

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Obama's New CEO: So Long and Thanks for All the Cash
« on: March 31, 2009, 12:11:18 PM »

Oh that? That's 1/14,000,000 the money you could have been saving by switching to Republican.

Quote
General Motors’s new chief executive told CNBC that filing for Bankruptcy may be the best option for the struggling automaker.

In a taped interview to be aired tonight on NBC Nightly News, Fritz Henderson said that because of greater demands from the Obama administration to restructure, GM is considering the bankruptcy option. The auto giant previously had ruled out such a move, saying it would discourage people from buying GM cars.

Henderson’s comments came after President Obama bluntly rejected turnaround plans by GM and Chrysler and demanded that both companies make fresh concessions in order to get more federal aid. …

Henderson says GM  needs to work faster and go deeper to get more concessions from bondholders and the United Auto Workers union. President Obama has demanded that GM come up with a better restructuring plan in 60 days in order to qualify for more government aid.
http://www.cnbc.com/id/29960093

Too big to fail, FAIL!
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Offline rich_t

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Re: Obama's New CEO: So Long and Thanks for All the Cash
« Reply #1 on: March 31, 2009, 12:24:10 PM »
Gee...  Weren't some of us saying that before GM took billions of tax dollars?
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Offline SSG Snuggle Bunny

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Re: Obama's New CEO: So Long and Thanks for All the Cash
« Reply #2 on: March 31, 2009, 12:25:08 PM »
Quote from: rich_t on March 31, 2009, 12:24:10 PM
Gee...  Weren't some of us saying that before GM took billions of tax dollars?

exactly
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Offline thundley4

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Re: Obama's New CEO: So Long and Thanks for All the Cash
« Reply #3 on: March 31, 2009, 12:33:59 PM »
Yep, and it only took this admisministration how many billions to know what everyone else already knew?  Let the damn companies file for bankruptcy so they can restructure contracts. Effin morons.
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Offline DumbAss Tanker

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Re: Obama's New CEO: So Long and Thanks for All the Cash
« Reply #4 on: March 31, 2009, 12:35:49 PM »
And didn't Obomber say that forcing GM into bankruptcy wasn't in anyones best interest?

 :lmao:
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Offline Chris_

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Re: Obama's New CEO: So Long and Thanks for All the Cash
« Reply #5 on: March 31, 2009, 12:36:06 PM »
Quote from: thundley4 on March 31, 2009, 12:33:59 PM
Yep, and it only took this admisministration how many billions to know what everyone else already knew?  Let the damn companies file for bankruptcy so they can restructure contracts. Effin morons.
Uncle Zer0 doesn't want anyone solving problems without his "leadership".  How can he be our "saviour" if we don't need him?
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Offline Chris_

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Re: Obama's New CEO: So Long and Thanks for All the Cash
« Reply #6 on: March 31, 2009, 12:36:54 PM »
Quote from: DumbAss Tanker on March 31, 2009, 12:35:49 PM
And didn't Obomber say that forcing GM into bankruptcy wasn't in anyones best interest?

 :lmao:
He's been hanging out with John $kerry again, hasn't he?
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Offline The Village Idiot

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Re: Obama's New CEO: So Long and Thanks for All the Cash
« Reply #7 on: March 31, 2009, 01:15:24 PM »
Its worse than that.

DETROIT – General Motors Corp.'s new chief executive said Tuesday that more of the automaker's plants could close as part of GM's effort to meet new, tougher requirements for government aid.

remember when that would have been to make the company profitable?
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Offline diesel driver

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Re: Obama's New CEO: So Long and Thanks for All the Cash
« Reply #8 on: April 01, 2009, 12:16:54 AM »
Quote from: FGL on March 31, 2009, 01:15:24 PM
Its worse than that.

DETROIT – General Motors Corp.'s new chief executive said Tuesday that more of the automaker's plants could close as part of GM's effort to meet new, tougher requirements for government aid.

remember when that would have been to make the company profitable?

According to Rush, GM makes about 20 vehicles that are profitable, 11 of which are trucks and SUV's.

No brainer as to WHICH models will be cut to "meet new, tougher requirements"....
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