Obama Questions Viability Of GM, Chrysler [Dow Down 300+ points]

APReport ^ | March 30, 2009

[org.whodat]

He should have let them fall before we pumped billions into the industry. It was pressure from the rats telling Bush that he had to give billions to the auto industry or thousands would lose their jobs and it would spread to Main Street? Well that didn't work out. It's always been about the unions.

Bingo!,

They could have already been in bankruptcy and the tax payers would have saved billions, and many of the posters here would have had one less bitch and moan post!

[Las Vegas Ron]

It hasn’t really crashed yet.

We should start a pool here and whoever picks the day wins.

At least one of us will end up with some money.

[alloysteel]

Simple answer, “Bush’s fault.”

And in the end, that may be what the assessment of history will show.

Much like Hoover was blamed for the Great Depression I.

We are poised to descend into Great Depression II, and it shows no signs of ever ending before this “global warming” and its concomitant “carbon cap-and-trade” philosophy are abandoned. Both are based on seriously flawed science, and the scheme is designed for imposing controls on the direction and expansion of the economy.

The “green economy”, as envisioned, is simply not viable.

[Red Badger]

“Would you like to try our ____(Fill in blank with food being pushed this month)___, today?”.........................

[John W]

I would say the story is misleading, in 0’s favor of course. The DJIA is down today because the President of the United States fired the CEO of General Motors. Bush never did anything quite like that.

[tarpit]

Chairman and CEO Rick Wagoner, according to Fox News Radio, is getting a US$20,000,000 retirement package.

[tumblindice]

A bell rings, an angel says, `Thanks’.
Barry speaks, the stock market tanks.

[pallis]

The recent rise in the stock market was nothing more than a happy, fart bubble rising up in 0bama’s tub. Twerp that he is, 0 snapped it.

[org.whodat]

True, but I wanted him fired from day one, the man ran the place into the ground. None of this bailout stuff should have happened. After that the argument is socialism are socialism lite.

[Jagman]

"Obama announced the federal government would immediately begin backing the warranties that new car buyers receive"

Sweet. The same people responsible for the quintillion-page US tax code will be writing your GM warranty? Man, that's enough to make me run right out and buy one today!

[RonboTex]

An idiot who is incapable of running a lemonade stand making these kind of decisons.

Deny the bailout and let GM decide on their own what to do.

[reagan_fanatic]

And from the movie 300 - “Tonight we shall dine in soup kitchens!”

[RonboTex]

The only thing I have to look forward to in retirement is, “Hello, welcome to Wal-Mart.”....................

The lefties don't like Walmart so I wouldn't count on it.

[Myrddin]

My boss just called. I haven't had a signed contract since Nov 2008. Party over. 8 weeks at 50% while I try to land a contract, then 0%.

[wbill]

The “green economy”, as envisioned, is simply not viable.

How so? Is it because the technologies described as "Green-" or "Eco-" survive based on massive government assistance? Can't the government just print more money?

do i need a /sarc tag?

[GonzoGOP]

That is an ugly chart. It not only went down, but hasn’t made any attempt to break off the bottom. It appears to just be slowly loosing ground all day. Probably because there are a lot of people holding stock they don’t want and every time the market ticks up they sell immediately.

[reagan_fanatic]

A variation on the photo you posted...

[ari-freedom]

ironically the green economy was viable during the Bush years but won’t be under the Obama years.

[Obadiah]

Ah, I see no difference.

LOL

[Recovering_Democrat]

Road To Serfdom