Gibbs: We’re Gonna Hold Onto GM Till We’re Good and Ready
Posted by Bill Dupray
on Jun 1 2009 Filed under Politics.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
He ducks the question of a timeline or an exit strategy. I guess you can only fire the new CEO on Election Day.
H/T Greg Hengler
Related Posts
- Tapper to Gibbs: Isn’t it unconstitutional to hold somebody indefinitely?
- Robert Gibbs is an Embarrassment and Should Resign
- Gibbs is the man inside the Obama boy’s club
- Gibbs/WH punts on all 3 coming elections
- Barry’s Stimulus – Wait till ya see What’s in this CRAP Sandwich!!!
Short URL: http://libertypundits.net/?p=4385
I couldn’t get past Gibbs first line as it sums up the problem succintly: “The president has made a series of tough decisions that have lead us to where are now”. So where are we exactly? We now own GM and it only cost us a small sum of $20 billion up front with another $30 billion in the works. We are watching North Korea crap on our lawn and doing nothing but threatening to tell the UN if they don’t stop. We are spending money that we don’t have and printing more like there is no tommorrow. The unfortunate consequence of all this is that there may be no tommorrow for the United States we have come to know and love. Thanks Mr. Gibbs for stating the problem in such clear and concise terms.
I think the President needs to stop making tough decisions. The tough ones are the ones that inexperienced people tend to get wrong.
And he, “…doesn’t desire to hold a significant share of or run on a day-to-day basis…” How much does he wish to hold and how does he really want to run GM? Gibbs is such a moron.
Hey, you know what I would do if I “didn’t want to run the day to day business” of something? I wouldn’t fire the boss and start running the company. remember a few months ago when we said this was going to happen and the left accused us of using fear tactics? Of course this was the plan all along.
Of course it was the plan all along.
Will the US Government be liable when people sue GM for wrongful death caused by badly designed, structurally weak cars (built to CAFE standards) that don’t protect passengers in accidents?
I was fully prepared to accept, grudgingly, a higher level of taxation in the short term, and a very real chance that new/expanded entitlements would be very hard to retract from a practical standpoint. I actually paid attention during the election and didn’t have any illusions about Obama being centrist.
What’s shocking to me — as has been set out in many posts on this site — is the apparent lack of any understanding in the Obama administration of externalities, or of fundamental economics for that matter. Let’s stick it to the “speculators” — actually, secured lenders are the least speculative of all non-equity investors — and ignore the fact that you will chill secured investment, thus raising interest rates on everyone. Let’s rewrite credit card contracts — and pretend we think the “greedy” credit card companies will just make less money, instead of simply spreading the cost over all borrowers.
Either the echo chamber is much worse than we thought, and these guys really believe that they can change the basic function of free economic choice — or it’s entirely mindful and blatantly criminal. Look at Amtrak. If you regulate and tax an industry to the breaking point, while still wanting it around for some reason, you will ultimately own it all. Forever.