« | »

Gov’t Task Force To Direct GM, Chrysler

From those champions of a command economy at Associated Press:

Obama to appoint panel for auto recovery

By Steven R. Hurst, Associated Press Writer

WASHINGTON – It will take more than one "car czar" to help get the embattled U.S. auto industry back on track, President Barack Obama has decided. Instead, his administration is establishing a presidential task force to direct the restructuring of General Motors Corp. and Chrysler LLC, a senior administration official said Sunday night.

Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers will oversee the across-the-government panel, the official said, speaking on the condition of anonymity because no announcement has been made.

GM and Chrysler are expected to submit restructuring plans to the government by Tuesday, the deadline for showing how they can repay billions in loans and become viable in spite of a huge drop in auto sales…

Well, why not?

We all know it takes a village to raise a child. So it must take a task force to run an auto company.

Cars built by a government committee will be so much better.

And this is not ‘nationalization.’

Not at all.

This article was posted by Steve on Monday, February 16th, 2009. Comments are currently closed.

26 Responses to “Gov’t Task Force To Direct GM, Chrysler”

  1. proreason says:

    The cars will be named Obamago’s in honor of the late, sorely missed Yugo, the penultimate example of government control.

  2. 1sttofight says:

    My grandfather told me a long time ago,”If you pay more than $5,000 for something, it better have a basement”.

  3. wardmama4 says:

    Look at how wasteful with tax money (and always increasing taxes) Government is, look at how illegal immigration (despite two different bills passed, a fence bill passed and an attempt at massive Shamnesty) is out of control, look at how far our educational system has fallen, how afirmative action has continued race-baiting generations beyond what it would have been, how welfare did not solve the problem but rather created generational failure, how making abortion ‘legal’ (through a previous unknown ‘right’ not found by Constitutional scholars or lawyers until 1973 Supreme Court found it) has not ended them, reduced them nor even made them safer nor has it reduced the number (but rather raised it) of unwanted pregnancies (to the cost to taxpayers in the ever increasing rates) – How anyone can think that a single liberal policy is a good idea what-so-ever.

    • proreason says:

      and you failed to mention that liberal policies are directly responsible for the disastrous decline in home values and the 40% drop in the country’s 401K savings.

      So, if you did everything right…
      – If you developed skills to earn a living and support your family.
      – If you paid your bills and established a credit history that allowed you to buy a house.
      – If you saved money to allow you to retire.
      – If you invested in America by purchasing stocks
      – If you supported the country by paying taxes

      You have been SCREWED and every indication is that the screwing will accelerate.

      But those who,
      – developed no skills and do not work
      – renigged on their debts
      – didn’t save money
      – didn’t invest in America
      – paid no taxes

      are being REWAREDED, and every indication is the rewards will accelerate

  4. heykev says:

    I’m not sure which new car to buy now…a Yugo or a Vespa? Humm…

  5. wfiguy says:

    If I recall correctly the last car created via committee was called the Trabant. http://en.wikipedia.org/wiki/Trabant I can’t wait!

  6. curvyred says:

    Bye bye Chrysler, bye bye GM.

    Hello P-wagons and O-wagons.

  7. GuppyNblue says:

    “to direct the restructuring of General Motors Corp. and Chrysler”

    And I’m sure someone like Geithner knows how to structure auto companies and make sound business decisions.

    I say screw GM and Chrysler! They could have pointed some fingers right back at the Senate concerning ridiculous (but costly) regulations and overwhelming union obligations. But they kissed ass and took the money that evidently bought them.

    It can be argued that they had no choice but they were dealing with the very people who have been trying to destroy them in the first place. Maybe the affluent are too proud for common sense. Or maybe they just didn’t care as I’m sure they won’t be going hungry no matter what happens.

    Never make a deal with a Marxist. In their amoral way, honor is your weakness.

    • Weasel says:

      Exactly right! The moment they took government money and didn’t point out that government was a big part of the problem, they signed their own death warrants. Start shrugging Atlas! I would rather see these big companies crash and burn versus continue to swallow taxpayers dollars and drag out the pain.

  8. Rusty Shackleford says:

    2009 US Auto Show in Detroit, as sponsored by the National Oversight Committee on Automaking.

    The 2010 “Pelosi”: Pretty ugly car. Makes a horrendous noise and will only take you down nasty roads that lead to destruction.

    The 2010 “Fwank”: Runs on attention paid to it by its owner. And, even after throwing gobs of money on it for repairs, continues to run poorly or not at all.

    The 2010 “Messiah”. Very shiny, very pretty car. But very underpowered and you can never open the hood to see what’s under it. Can get in and get out quickly. Great for vacations or quick trips out of Washington DC. However, when programming the navigation system, is troublesome and finicky. May not take you where you want to go. The “Change” cup in the center console is always empty or filled with something sticky.

    • gipper says:

      You forgot to add that the 2010 Messiah smokes a little and comes in a choice of body styles–the Marx-3 or the Marx-7.

    • JohnMG says:

      Four-door models are standard equipped with built-in “punishment safety seats” at no extra charge.

  9. curvyred says:

    Our new model “IWON” – short on integrity long on bamboozling.

  10. mybrotherkeeper says:

    Hilarious, Rusty! Wished I had wrote that!
    Anyway, I agree with you all that say the executives, probably Republicans, should have done us all a service and shot right back at the pompous Democrats. But it just goes to show that when you’re in “a time that tries men’s souls,” talk of Republicans and Democrats is too shallow. We are talking about something bigger now. But these exec’s have had a lifetime of looking out for #1, and they’ll never suffer financially anyhow. So play the game with whoever’s in power and lose your honor. Why would any young businessman or woman want to look up to them?!? This kind of selling out by older people has been going on big time since the 60’s, especially. That was when prayer was kicked out of school; I remember it. I also lived with a lot of the consequences that seemed to follow. It was like we were saying to God, ‘We don’t want you as part of our public life anymore.’ I think that was the ruinous part of the prayer being expelled–the spirit that was behind it, more than the physical act of the prayer. Anyway, the nation’s stunk more and more ever since!

  11. VMAN says:

    The inmates are running the asylum. The workers are running the factories. These people in Washington DC are like so many people I have worked with. They are smarter than the boss. They can do a better job than the boss. How about we try this. First if we have to deal with unions (and by the way I HATE unions) let’s set up at least three different auto workers unions so that the car companies can negotiate for the best deal. Next we dump all the stupid regulation on emissions and gas mileage and let them build a car that actually gets great gas mileage. And maybe some corporate tax breaks, not bailout money, would be in order. In a nut shell WASHINGTON STAY THE HELL OUT OF AMERICAN BUSINESS!!!!!

  12. gipper says:

    Innovation will be non-existent in the auto industry. Since it will take several years on the waiting list to be offered an auto, I want to sign up for my Moskvitch now.

  13. nascarnation says:

    This will be one of many bad outcomes from the 2008 election.
    The fedgov will essentially control the US marques, and will make sure that the transplant factories are organized by the UAW and made equally uncompetitive.

  14. xdannyh says:

    As far as the unions go they’ve just been had. Seniority will be abolished and affirmative action will replace it.The best they can do for themselves is to walk. I was very disconcerting to see the bosses of the big 3 groveling in front of those liars, crooks, and tax cheats. But is there any leader stepping up to martial opposition?, not really, time to show the picture of that Frenchman again, cause we’re all his brothers!

    • proreason says:

      xdannyh, excellent point about affirmative action in the unions.

      What will happen when the thugs insist on their handout…..from the other thugs.

  15. U NO HOO says:

    Will the new models have Digital tv convertor boxes standard, or does the purchaser need a coupon to get a convertor at a discount?

    Limit two to a customer, I understand.

    (Sarcasm intended)

  16. Grassy Knoll says:

    I’m sure the auto execs are having second thoughts about all this now. But when you make a deal with the devil ….

    If this wasn’t going on in my backyard it would be almost entertaining watching the vultures of the U.S. government and the UAW hyenas fight over the rotting corpses that once were GM and Chrysler a few months from now.

  17. TwilightZoned says:

    The senate couldn’t even run their own cafeteria and they think they know how to run car companies. Silly rabbit, tricks are for kids!

  18. yellarcan says:

    What do you bet the task force will receive a new Chevy Suburban every year while in force?

« Front Page | To Top
« | »