President Obama on Stabilizing the Auto Industry

The President announces that his Auto Task Force has completed its evaluation of General Motors and Chrysler, and gives his response.

(public domain)

Category:

News & Politics

Tags:

• President
• Barack
• Obama
• White
• House
• General
• Motors
• GM
• Chrysler
• Auto
• Industry

[ptypn]

And trust me...I'm not blowing anything out of proportion.  It's no secret that I'm a staunch supporter of President Obama and his administration. He inherited an incredibly bad situation and everyone is expecting he and his team to fix everything(which we should have that expectation of them). What everyone needs to realize is that, "change" doesn't happen overnight or in the first 100 days of an administration.

[l1nuxun1l]

Thank you Obama for interfering once again in the market! :-) Please continue to meddle with the market.

[MrPEDOCTOR]

is the auto industry already stable right now?

[Shermanicus]

@mentaluphoria what's this ev1?

[workingmaninaz]

we have two member that made video that show a assault on children and women ( when car dealers attack  )

[docgambee]

Name one thing that the gov't has "jumpstarted"... ever. Education? I don't think so. Social Security? Whatever. Health Care? Please. etc. etc.

Governments are NEVER the solution to a depression, and they are often the CAUSE of it.

The only thing that's going to "jumpstart" our economy is if Gov't gets out of the way. We're the most prosperous country EVER for a reason, and it's not because of gov't regulations.

Less gov't. More responsibility. Quit asking the gov't to babysit us.

[docgambee]

The only way we're going to get things turned around is by holding our congressmen and senators accountable, and removing them if they keep sending us down this road and replace them with people with principles.

The Presidential election hype is nothing more than a sideshow designed to distract us into thinking that it actually matters who's President.

The President can't lower your taxes. Only Congress can. President can't pass laws. Only Congress can. Etc. Etc.

Wake up America.

[docgambee]

The reason consumers don't have money to put back into the economy is because Gov't is too big and taxes way too much! Our dollar is worthless because of decades of forced inflation by the Fed Reserve.

"Gov't is the only entity that could jumpstart the economy"???? Gimme a freakin' break. The only way the gov't can do anything is if they TAX YOU AND ME FIRST. Out of every dollar they TAX, only about $.20 (if that) is actually used for it's "purpose". The rest is lost in endless bureaucracy.

[docgambee]

I sure as hell wouldn't have voted for Hillary, and DIDN'T vote for McCain. They wouldn't have done any better. (and I didn't vote for Bush either)

I agree with you on 2 things- 1) America was already heading down the wrong path before TARP. 2) No one was holding our elected officials accountable (and haven't for decades...)

Obama has tried to turn that around? How?? By spending even more money?? He's trying to make "socialism" more "efficient", which is just ridiculous and impossible.

[ptypn]

And believe you me, I don't have a , "don't blame me, I voted for the other guy" mentality, even though you feel 99% of the population does. The problem was no one was holding our elected officials in Washington accountable, and I applaud Pres. Obama for trying to turn that around. It really baffles me that so many people in this country didn't seem to care that Bush ran the federal decit to 1.3 trillion, but when Obama comes in, everyone is steaming mad...I wonder why...hmmm.

[ptypn]

Guess what docgambee, McCain and Hillary voted for TARP as well!!! But trust me, America was headed down the wrong path before Pres. Bush propsed TARP! Pres. Obama made the ARRA into law because consumers, in large part, do not have money to put back into the economy. Government was the only entity that could ultimately jumpstart the economy. Besides, I wrote my comment two months ago...why are you just now responding?

[docgambee]

LMAO. LMAO. So he came in with "lilly white hands"? PLEASE. He VOTED FOR the TARP program that was the start of this ridiculous bailout package! And now that he's President, he's done nothing but EXPAND it, makiing it even worse. So YES, he WAS and IS part of the problem.

That's the problem with the average citizen and politics. 99% of the population has the "don't blame me, I voted for the other guy" mentality. And as long as we keep arguing "party" over "principles", we're screwed.