President Barack Obama Message Board

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Politics : President Barack Obama

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To: ChinuSFO who wrote (52755)	3/30/2009 2:58:01 AM
From: stockman_scott	Read Replies (1) of 149317

Obama would not have been elected without very strong union support - especially in the Midwestern states...He must force the automakers to radically restructure BUT he is taking a big risk by not providing the automakers with additional support in these troubled economic times...Most Americans see a very BIG difference in the way Wall Street is treated and then they look how Main Street is treated...the special treatment almost always goes to Wall Street...Even conservative businessmen like Wilbur Ross (who is a turnaround expert) say it would not be wise to send a firm as large as GM into bankruptcy right now - there will be some very big unintended consequences beyond lots of job losses...One problem with Team Obama's Auto Task force is that it has very little automotive experience on it -- Jerry York mentioned this in a Bloomberg interview in the last few days.

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