Obama On Automakers Future

President Obama speaks about his administration's new policy for General Motors, giving the auto giants working capital for 60 and 30 days to come up with a plan to become viable in the long term.

Category:

News & Politics

Tags:

• obama
• on
• automakers
• future
• gm
• chrysler
• barack

[deckerw967]

Obama I trust you but I don't trust the rest of those money hungry sharks. It's almost as though they have planned this take over. I am worried about the future and they say the bible isn't accurate. United Nations here we come!

[iron1215]

And they will sell Obamamobils. Cost trillions, only turns left and runs on government bailouts.

[METROGNOME57]

Hey, let's all boycott GM and Chrysler cars and products so they go bankrupt and we show the US government what we think of selective bail-outs.

How do these companies rate favoritism when I could use some debt reduction?

[brendan00]

No, not all bankers. Just all politicians.

[ANGLEBOOT]

why? greed! they saw the banks doing it, AIG, wall street.

if the tax payers don't by their products they will just get the president they helped to get into office to take it from the tax payers.

all the promisies obama made was to the rich.

And the all tye dumb ass people that voted for him thought he was talking to them.

[micsc50]

Why did they need a bail out then? I will buy no more GM products from here on out. I own an 08 Silverado it will be my last. As far I am concern Obama is the new CEO of GM and the taxpayers are the owners. Of course we will never benefit from the profits because the US government will run GM into the ground.

[ANGLEBOOT]

I have figured it out. Nissan and Toyota charge the buyer as though they are paying their employees $75 an hour, problem is, they ain't. same as for any and ever non-union contractor. They charge as all the labor is at union scale. But only pay their empolee's scraps.

Look it up. GM last year made $11 billion in profits. They say they are in a loss because the year before they made $17 billion in profits. That's after paying all their workers,managment and CEO's.

[micsc50]

Nissan and Toyota are hurting due to lack of sales in a slow economy. GM has been in the hole for a long time due to employee pay and benefits. The average GM employee makes 75$ per hour including benefits. Toyota $45 an hour including benefits. Ford 65$ an hr. You figure it out. Obama is bailing union employees not the company. Union employees always vote democRAT.

[tgwchicago]

why did nt obama call for the resignation of the UAW president for demanding these financially crippling labor contracts ? - because that would nt go over well with his union backed supporters Right? fuckin hypocrite!!!!!

[ANGLEBOOT]

Take it you don't keep up with things, Nissan and Toyota Are in just as much of a hurt as GM. sells have dropped. why can't the US give them bail out money? The companies are not of this country ding dong. They have asked Japan for bailout money though. funny their employee's don't make enough more to make it through lfe, but yet the charge you as though they do with their over priced cheap crap.