Posts Tagged ‘chrysler’

Rasmussen: Eighty percent of U.S. voters want the government to sell its stake in General Motors and Chrysler

Wednesday, June 17th, 2009

Rasmussen:

Eighty percent (80%) of U.S. voters want the government to sell its stake in General Motors and Chrysler as soon as possible. Two-thirds (64%) favor a proposal that would force the government to sell the auto companies within a year.

Detriot column: Obama’s flawed auto logic

Thursday, May 7th, 2009

Detroit News:

President Barack Obama insists he doesn’t want to run the domestic auto industry — and we should all be thankful for that.

But his actions speak differently — and we should all be worried.

“… I rejected the original restructuring plan” that Chrysler LLC submitted for government loans, he said April 30 in announcing his decision to force Chrysler into bankruptcy. “… And the standard I set was high — I challenged them to design a plan …”

That’s a lot of self promotion and involvement from a guy who doesn’t want to control the companies.

To be sure, the government, with the investment of $4 billion in our tax dollars in Chrysler and $15.4 billion in General Motors Corp. needs to set guidelines and rules for repayment. If not met, call the loans and get our money back.

But forcing a private American company into bankruptcy because the president thinks it’s the most prudent action. Um, no. Not by any measure.