GM chief Wagoner to resign at Obama's request

maerket watch ^ | 3/29/09 | market watch

[Flavius]

General Motors Chief Executive Rick Wagoner will resign as part of the federal government's plan to bail out the struggling automaker, White House and GM sources told CNN Sunday.

[FlyingEagle]

That’s the problem they did not ask for more GM was to file bankruptcy and the Whitie House said no Rick you are fired and Zeus the dictator will take over from here.

[Rome2000]

I bet this red son of a bitch’s plan for GM is not going to workout any better than his plan to demonize Limbaugh.

[heye2monn]

we should never have bailed out Chrysler. Despite what the politicians say, it didn’t really “work.” Bankruptcy would have been more economically efficient for a loser like Chrysler.

But everyone keeps on doing bailouts as if they really work. We are going to bail out ourselves to death.

[Northern Yankee]

Thanks!

Wish I'd thought of that. ; )