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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (45161)	11/19/2008 6:08:38 PM
From: stockman_scott	Read Replies (2) \| Respond to of 149317

Yes...I agree many bad decisions were made by ALL of the Big 3 automakers in the past...the companies are in intensive care and the question is what are they going to do going forward...?? This economy is in a DEEP recession, the credit markets are still frozen -- we may face systemic risk if we allow GM, Chrysler and many of their suppliers to fail...too many jobs at stake...too many unintended consequences are possible...As Cramer said today both the major Auto firms and Banking firms MUST be saved -- it's better than any alternative at this moment.

To: Lizzie Tudor who wrote (45161)	11/19/2008 6:13:15 PM
From: stockman_scott	Respond to of 149317

GM Chief Signals He'd Step Aside If Asked to Resign (Update1) By Greg Miles and Bill Koenig Nov. 19 (Bloomberg) -- General Motors Corp. Chief Executive Rick Wagoner signaled that he would step aside should he be asked to resign as a condition for the biggest U.S. automaker to receive federal aid. ``I'll always do what's right for the company,'' Wagoner said today in a Bloomberg Television interview. ``But even more critical during a difficult time period is having the best possible management team. We have a good team at GM. That's not what I would recommend.'' Wagoner, 55, spoke in Washington after testifying to a U.S. House committee with CEOs Alan Mulally of Ford Motor Co. and Robert Nardelli of Chrysler LLC to drum up support for a $25 billion rescue plan for the auto industry. GM and Chrysler have said they're running out of money, with Detroit-based GM saying it may not have enough operating cash by year's end. Some lawmakers have called on Wagoner, who has been CEO since 2000, to quit. To contact the reporter on this story: Greg Miles in New York at gmiles1@bloomberg.net; Bill Koenig in Southfield, Michigan, at wkoenig@bloomberg.net Last Updated: November 19, 2008 17:24 EST

To: Lizzie Tudor who wrote (45161)	11/19/2008 6:40:31 PM
From: stockman_scott	Respond to of 149317

Goodwin on the relevancy of 'Rivals' politico.com

To: Lizzie Tudor who wrote (45161)	11/19/2008 6:44:52 PM
From: stockman_scott	Respond to of 149317

Tonight's Guest on CNN's Larry King Live: Michael Moore The man who confronted General Motors, in a movie that made history, joins Larry to answer the question everyone's asking today: Should American automakers be bailed out of financial trouble or should they go bust? The "Roger and Me" mastermind's not holding back! Tonight, 9 ET

To: Lizzie Tudor who wrote (45161)	11/19/2008 7:52:24 PM
From: koan	Respond to of 149317

I had sort of forgotten how much I disliked those auto clowns-lol. >> well the media is upset about TARP now, because when we gave that money to those firms they were supposed to LEND IT which they are not doing. I doubt congress will release the next tranche of money for the banks, and I would advocate using the the TARP money for detroit because it clearly isn't doing much good where it is. But Detroit has been on life support for years. To hear those Detroit CEOs up there saying that their ONLY ISSUE is the economy is so completely brain dead. Hey if Detroit's only issue is the current economy then why did they need to - - destroy the electric car which was MANDATED by CA in the 90s - lobby to destroy the EPA and turn it into a detroit and big oil lobby institution - refuse to make any changes in fuel efficiency for 30 years - lobby for and obtain a 50K tax credit to buy only the LARGEST SUVs from the Bush admin driving the US even more in debt and indebtedness to big oil etc.