Skip to comments.Obama to Detroit: "You Can't Just Make Money on SUVs and Trucks"
Posted on 08/22/2011 3:16:55 AM PDT by Son House
RUSH: Here's TheHill.com. "Obama to Automakers." This is interesting. "The countrys automakers should ditch their focus on SUVs and trucks in favor of smaller, more fuel-efficient vehicles, President Obama said Monday."
President Obama, who, as we all know, has had vast experience as the owner of an automobile company, a man who's worked the assembly line, he's worked the showroom floor, he's been in the design control center, he knows everything there is about the automobile business.
Obama said during a town hall forum in Cannon Falls, Minn, "You cant just make money on SUVs and trucks. There is a place for SUVs and trucks, but as gas prices keep on going up, you have got to understand the market. People are going to try to save money.'"
So the man who is bankrupting the country, who is bankrupting business after business after business, said, , "You cant just make money on SUVs and trucks. You've gotta understand the market."
This has gotta be the most painful joke in the history of the world. Cookie, is this on tape? Do I have this on the sound bite roster? Just flash me a yes or no and if I do I'll find it during the break. Okay, we don't have it. I bet it's not on tape.
I bet if it was on tape, the tape's been erased, it's been expunged, it's been degaussed, it's been burned.
"You cant just make money on SUVs and trucks. There is a place for SUVs and trucks, but as gas prices keep on going up, you have got to understand the market."
The owner of two new hearses, don't call 'em buses, those are hearses. The guy who flies around on Air Force One. The CEO of the Grim Reaper Bus Company made those buses, said you've just gotta understand the market.
His favorite solar panel company just filed for bankruptcy. And then there's his favorite car that he's never driven, 125 Chevrolet Volts sold last month. You have to understand the market. Barack Obama saying we have to understand the market.
RUSH: Audio sound bite 36, Cookie found it. The regime was unable to expunge this. Listen to this.
OBAMA: What we said was if we're gonna help ya then you've also gotta change your ways. You can't just make money on SUVs and -- and trucks. There's a place for SUVs and trucks, but as -- as gas prices keep on goin' up, you've gotta understand the market. People are gonna be trying to save money.
RUSH: This President Obama yesterday Cannon Falls, Minnesota, town hall, and he's talking about the automobile companies (interpreted): "Oh, we're gonna help you, but you gotta change your ways!
I, Barack Obama, know more about your business than you ever will. I've never been in your business, but I know more about it, and you gotta change your ways. You can't just make money on SUVs and trucks."
That's what they're making money on! That is precisely what they're making money on. "You gotta understand the market."
This is a joke. (laughing) Barack Obama telling anybody, "You gotta understand the market"? I can't believe the regime didn't do something about the tape.
Everyday half the vehicles you see are trucks and SUV's, or are we being told gas prices are going to keep on goin' up?
What a moron. They build what people want to buy. Basic economics. Idiot.
My Auto Engineering "gnome" and I have had this conversation.
We are building people movers, not family movers. You can't go on vacation with 3 or 4 kids because of the lack of trunk space. Small trailer or roof top career are need to carry all the stuff. Now their goes your "Aero".
They are doing it to keep the weight down and Mpg's up ergo the new "Chevy Cruze" with no spare tire to save weight.
This Stupidity has got to change...
BTW, no one here on FR noticed or I missed it, GM Stock is now down to $22 / sh. way down from it's Mid 30's Re-IPO price...
“Obama to Detroit: “You Can’t Just Make Money on SUVs and Trucks” “
Not when YOU regulate them out of existence and demand gas to be higher in price moron.
Yes you can if you want to stay in business. That sentence alone should drop his poll number to 29%. It tells you he is totally clueless about how to run a business.
He has no clue about life outside of some big city.
STOP making stuff people want.
Ya better start making stuff WE TELL YOU TO MAKE.
PROFITS? Faahgeddabaaatit! Profits be evil.
Obama: Only useful as bass boat ballast/docking bumper.
And even then he’d mess it up!
“They build what people want to buy.”
You WILL buy your Volt, and like it!
How did the Kenyan Pirate explain that flash of brilliance?
In honor of Obama’s comment I bought my first SUV this week.
It’s wonderful. I love the feeling of sitting up high. I am able to sit much farther back from the steering wheel, and after an accident where my arms and hands were broken from the airbags I think it’s great.
An SUV is a great thing. The heck with Obama.
We just retired my 1996 Suburban for a new Lincoln Navigator L. No small electric car for us. We live so far in the country it is 20 miles to the grocery store.
More on-the-spot guidance from the Dear Reader. Thank God he has such an acumen for successful business... after all, look at our soaring econ...
Ahh! But can we zoom our million dollar buses around on Air Force 1? Can we, can we Mack Daddy?
Wow, he’s an expert on the automobile industry and making money now!
He just knows everything!
Quick, give him a Nobel Prize in Economics!
Hitler gave us the Volkswagen.
Obama gave us the Volt.
Hitler did a better job.
Honda and Toyota and Nissan have built what people wanted to buy for years. GM also built what people wanted to buy for years, but they did a crappy job at it, and should have been allowed to go bankrupt -- that's the real story here. Obama shouldn't have bailed out GM, but he's a socialist with a side of corporatism, so he really can't help himself. The idea of appearing business friendly while simultaneously nationalizing two domestic automakers was too much for him to resist.
I kind of suspected that when he talked about reducing imported oil by inflating tires and getting regular tune-ups during his 2008 campaign.
China bought 18 million cars last year.
The US about 11 million.
When American buys 11 million cars, a significant number rolls off the back end as old clunkers.
Not so with China. They don’t have old cars to roll off the back end.
Behold why oil stays high, and is going higher.
Well, there is that thing about the pathetically weak Dollar policy "Helicopter Ben" is fronting.....
SUVs and trucks are what kept the Big Three afloat for years. It subsidized the making of passenger cars (which they were losing $$ on). It IS an issue that the Big Three are not profitable in this area. When Truck/SUV sales slowed due to recession & high fuel prices, 2/3 of them went bankrupt in 2008 (and Ford nearly did too).
The profitability issue was tied to two things: 1) lack of sales (due to poor brand design and quality) and 2) union labor strangling profits. Hopefully, these issues have abated to some degree. I really like Ford’s current lineup and will probably buy an Edge next time around.
Trucks and SUVs are what has kept these companies afloat.
Wonder if the UAW knows this.
More force from the obama regime.
When to the layoffs start up again?
You'll drive what Comrade Obama wants you to drive, and you'll like it, Citizen.
Cimmaron, by Cadillac!
LOL. Now, that car was an utter disaster for GM: fatally flawed from concept to execution. A Chevy with a Caddy hood ornament.
“I know, let’s take a Cavalier, throw a Caddy badge on it... *giggle snicker* Then charge people MORE for the same car! They’ll never figure it out!”
“Genius work, you get a bonus!”
Or how about that “New GTO” brainchild.
Simply, it provides versatility, safety, comfort, power and utility that are not available in most other vehicles, certainly not in a tiny, cramped condescension LeftMobile.
It is about personal choice and freedom, AKA as the American way.
MY America, Kenyan, not your Communist vision of racist asset redistribution, and penalization of the productive.
“People are gonna be trying to save money.”
Exactly, and why I prefer a time-proven gas engine over some expensive, exotic battery experiment.