The Obama administration wanted a car company and now they will have one within a few months. This will give Obama the opportunity to build those fantasy cars with propellers and solar panels on them. Next, he’ll either outlaw or heavily tax Japanese cars so we’ll be ‘forced’ to buy one of his energy efficient cars. No joke, stranger things have and will happen. Wake up folks and read the writing on the walls.

Did that obama photo just wink at me?

only moreso.

It never ceases to amaze me when Obama does one thing and at the very same time says he is doing the opposite. He claims the government doesn’t want to be in the car business - - after firing the CEO, dictating which cars they can and cannot make, and taking over the company via committee.

We are not hearing, no doubt, from his Press secretary who will tell us all that this is NOT a move to take over any companies…. and he will actually expect everyone to believe it.

This whole move by Obama and his administration is to save the UAW…. that’s it. Restructuring by GM and Chrysler would have been done by now, if they were allowed to go forward and file bankruptcy. … all without billions of dollars of taxpayers money and more to come. Bankruptcy would have been quicker, less expensive and would have rid the carmakers of union contracts which would give them a real chance at succeeding.

His administration is transparent all right. We see through it.

The problem is that it is a VW TDI manual trans. The greenies have excoriated Diesels for years as being smelly and dirty, but this had a better EPA rating than the best American or Japanese car at the time. Even with that, the car was illegal to buy in California.

So to me, these CAFE standards that are being forced on Detroit are not about emissions or better MPG. If it was about better MPG, we would be using the TDI technology (or similar), and we would be pushing manual transmissions.

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that Barry and the Obamanettes are just improvising this song as they go along?

When one seeks to control the means of production and take it out of the capitalist hands, it is called Marxism. This is nothing more than Obama seeking to replace the profit motive with usefulness. The plan for taxing carbon, producing electric cars and general whims of government intervention will surely closely follow. This will quickly be packaged with limits on so-called executive pay and no tangible concessions for labor (while unions proclaim how much they are suffering). Their product will once again become something nobody really wants and would not otherwise exist in a real capitalist system.

Just like AIG, Obama and his acolytes dumped billions down this hole months ago knowing full well what the result would be. Why not let them go bankrupt at that point- it would have been the sensible thing to do. Instead we have a government managed bankruptcy- which now means labor practices will remain largely unchanged and ridiculous government fiats will be included. Ultimately, that means more of our tax money is wasted.

You are watching history, as the US capitalist system vanishes right before your eyes. Sadly, we have some cheering as the chief ideologue pursues his Marxist dream.

By the way, I was no fan of Wagoneer. But his, and the Directors greatest failure was merely an inability to extract meaningful labor concessions that would permit long term viability. That failure was largely driven by the fact unions knew Obama would cut them the best deal- a fact proven by these latest events.

This is due to irresponsible “micro-management” press releases by the Obama Auto Team. and Obama himself.

Note a couple of key lines in this WSJ article. (emphasis mine)

The Obama’s administration’s leading plan to fix General Motors Corp. and Chrysler LLC would use bankruptcy filings to purge the ailing companies of their biggest problems, including bondholder debt and retiree health-care costs, according to people familiar with the matter.
…
A key ingredient is getting the UAW to agree to an entirely new labor contract, including major reductions in health-care benefits, according to several people involved in the matter. “That’s the No.1 wildcard here,” one of these people said Monday.

You can see where this is heading. They’ll get the current and former UAW members to agree to ‘draconian’ health care costs, and then enlist ‘help’ from these same folks to push a government takeover of the healthcare system to replace the lost benefits with ‘free’ universal heath care.

How else would you explain Obama’s sudden flip-flop from saying we can’t afford to let them go bankrupt to pushing for bankruptcy?