"I Don't Know Anything about cars"

[Lefty]

"I Don't know anything about cars" says Edward Whitaker, Barack Obama's new CEO of GM.
Just inspires don't it
folks?

[Tom]

That's ok, Broke Obama doens't know anything about government.

[kenwoodallpromos]

Tell the dude "The batteries go in the back; design a slide-out sled and an instant coupling connection, and have O'Bama build changing stations at rest stops and Wal-marts using prison labor."

[nijinski]

"Cash for Clunkers" or "Say No To Heavy Metal",coming soon.

[boxcar]

"I Don't know anything about cars" says Edward Whitaker, Barack Obama's new CEO of GM.
Just inspires don't it
folks?

The Clueless hiring the Clueless! What would any rational, reasonable person expect coming out of a Clueless administration?

Does anyone still wonder why I think BO is the most dangerous man on this planet, right now?

Boxcar

[Tom]

"Cash for Clunkers"

The story of all my cars!

[PaceAdvantage]

Luckily, it's getting harder and harder for them to defend with the "oh, you only dislike him because he's black" bullshit...

[NJ Stinks]

Yea, it's getting real hard, PA. :rolleyes:

From bloggingstocks.com:
________________________________________________

http://www.blogcdn.com/www.bloggingstocks.com/media/2009/06/gm.jpgOut with the old, in with the...old. Former AT&T, Inc. (http://finance.aol.com/quotes/atand-38-t-inc/t/nys) (NYSE: T (http://finance.aol.com/quotes/atand-38-t-inc/t/nys)) CEO Ed Whitacre, Jr. has been selected by the U.S. Government (how quaint) to lead the "new" GM once it rises from the ashes. Whitacre, who basically rebuilt AT&T into the telecom behemoth that was dismantled by the U.S. Government (http://en.wikipedia.org/wiki/Ma_Bell) in 1984, will be in charge of re-surfacing GM's future road to glory.


Whitacre is a shrewd executive with the global panache to get GM's ship in order. Whitacre, who won't go on the acquisition warpath like he did with AT&T, will be a newcomer to the automotive field, having spent the majority of his career in telecommunications. That's exactly what the Obama Administration wanted, though. They got it.


Like Ford Motor Co. (http://finance.aol.com/quotes/ford-motor-company/f/nys) (NYSE: F (http://finance.aol.com/quotes/ford-motor-company/f/nys)) CEO Alan Mulally -- formerly of Boeing Corp. -- choosing an outsider to reshape GM is not only the obvious decision, but absolutely required if GM is going to emerge once again as an automotive powerhouse.

Entire article at the link below:

http://www.bloggingstocks.com/2009/06/10/former-atandt-ceo-ed-whitacre-to-lead-the-new-gm/

[boxcar]

Yea, it's getting real hard, PA. :rolleyes:

From bloggingstocks.com:
________________________________________________

http://www.blogcdn.com/www.bloggingstocks.com/media/2009/06/gm.jpgOut with the old, in with the...old. Former AT&T, Inc. (http://finance.aol.com/quotes/atand-38-t-inc/t/nys) (NYSE: T (http://finance.aol.com/quotes/atand-38-t-inc/t/nys)) CEO Ed Whitacre, Jr. has been selected by the U.S. Government (how quaint) to lead the "new" GM once it rises from the ashes. Whitacre, who basically rebuilt AT&T into the telecom behemoth that was dismantled by the U.S. Government (http://en.wikipedia.org/wiki/Ma_Bell) in 1984, will be in charge of re-surfacing GM's future road to glory.


Whitacre is a shrewd executive with the global panache to get GM's ship in order. Whitacre, who won't go on the acquisition warpath like he did with AT&T, will be a newcomer to the automotive field, having spent the majority of his career in telecommunications. That's exactly what the Obama Administration wanted, though. They got it.


Like Ford Motor Co. (http://finance.aol.com/quotes/ford-motor-company/f/nys) (NYSE: F (http://finance.aol.com/quotes/ford-motor-company/f/nys)) CEO Alan Mulally -- formerly of Boeing Corp. -- choosing an outsider to reshape GM is not only the obvious decision, but absolutely required if GM is going to emerge once again as an automotive powerhouse.

Entire article at the link below:

http://www.bloggingstocks.com/2009/06/10/former-atandt-ceo-ed-whitacre-to-lead-the-new-gm/

I'm sure it is precisely what BO wanted. This way, he gets to dictate to this new industry NEWBIE, who probably doesn't know anything about manufacturing, generally, and zero about car manufacturing more specifically, exactly what kind of cars he's going to roll off the assembly line for Government Motors.

"Brilliant" move. :rolleyes:

Boxcar

[Tom]

Look how Obama has influenced GM already - see the new commercials, where they APOLOGIZE for being what they were? Uh, when is the UAW going to apologize for driving them to that position and then stealing the company?

[The Judge]

If there where no UAW they would still be broke, any company that would let foreign companies from Japan came in and run them off the block can't blame it on the union. They were arrogant and greedy. Remember they flew into Washington in private jets to a man, to ask for welfare. They don't have a clue.

They had a technological lead in electric cars but called them off the road and had them destroyed, yeah they were getting ready for the future with that move. They lost their vision, the guys that made the Mustang and the 1957 Chevy have been long gone, replaced by smoke and mirror guys from Harvard who made the CEO's rich and broke the company and now us.

If you were in a union would you want to give a penny back when the CEO's are getting rich and telling you these are hard times off course not. The UAW has a vested interest in keeping the company going the CEO's less so. They have already drained this cow. The UAW needs the cow alive and milk producing to get their money.

Let me know when a CEO gives back a dime of their ill gotten gain.

[ArlJim78]

while the UAW slowly choked the life out of the automakers, they were making big investments in the Democratic party (http://www.humanevents.com/article.php?id=32212). and what a nice rate of return they got on their investments. who says extortion doesn't pay. their investments in Democrats paid off very well at the expense of all other investors and taxpayers as they have been handed (illegally I believe) huge equity stakes in the new companies, all due to the president having their backs.

__________________________________________________ _____

2000-2008 UAW Giving: $23.7 million to Democrats. $193,540 to Republicans

In a rigged proceeding in which the federal government disregarded bankruptcy law in favor of the political outcome it desired, the Chrysler bankruptcy laid the predicate for the much larger General Motors bankruptcy to come. Against law and precedent, the unions were moved to the front of the line when it came to who would benefit from the bankruptcy.

The Obama Treasury Department strong-armed Chrysler’s creditors into a deal in which the UAW was given 55 percent ownership of the company while Chrysler’s secured creditors – investors who would have received priority in a non-political bankruptcy proceeding – were left with just 29 cents on the dollar

[Tom]

If there where no UAW they would still be broke, any company that would let foreign companies from Japan came in and run them off the block can't blame it on the union.

No, wrongo!
The reason the foreign companies came in and undersold GM, Ford, and Chrysler is BECAUSE of the unions. Granted, all three share the blame for allowing the UAW to get those ridiculous demands in the first place.

The vested interest the UAW has that they now own majorities in two companies, and all that money that is earmarked to cover health care costs...
where do you suppose that will go when it is not needed because we have national health care? W UAW windfall, and a percentage of that will go to dem campaign contributions.

It is a a scripted bankruptcy.....payback to the UAW, continue source of fund for the dems. We the people lose.

When you think Obama, think Mafia.....no difference.

[Tom]

Let me know when a CEO gives back a dime of their ill gotten gain.

OK, several banks are paying back billions in tarp loans. We were told - promised - that all that paid back money would go directly in to the general fund, and we might even see a profit. Remember? But, not one cent of that pay back money is going there. Geitner is using it for more Obama crooked deals, all of it. In direct violation of the law that allowed TRAP to begin with.

Your president is a thieve and a liar.

[ddog]

Look how Obama has influenced GM already - see the new commercials, where they APOLOGIZE for being what they were? Uh, when is the UAW going to apologize for driving them to that position and then stealing the company?


I would assume about the same time all the LBO big shots come out and apologize for driving countless business under with crushing debt burdens piled up to assuage their own eqo while being done with tax loop carryback public bailouts.

Sometime around then i expect.

Don't hold yer breath.

[sandpit]

This is just as bad as hiring a guy that was head of the Arabian Horse Association to run FEMA. http://paceadvantage.com/forum/images/smilies/50.gif

On the other hand, it's interesting how many of us talk about how insiders are ruining horseracing and we need outside influences to fix it, but in this instance with GM they need an insider or else they are screwed...I just want a car that is gonna last as long as my good ol' Camry that was built in the Commonwealth of Kentucky.

[Lefty]

I don't know who in their right mind would ever buy a GM car as long as the govt is involved. A new CEO that doesn't know about cars. A car Czar, who probably knows nothing, and a 31 yr old law student who doesn't know about cars that's in charge of designing new ones. Gawd, what a mess.

[ddog]

I don't know who in their right mind has been buying them for the last 10 years. o i forget, the "right mind" part....never MIND!

[jballscalls]

I don't know who in their right mind would ever buy a GM car as long as the govt is involved. A new CEO that doesn't know about cars. A car Czar, who probably knows nothing, and a 31 yr old law student who doesn't know about cars that's in charge of designing new ones. Gawd, what a mess.

as much as i agree it's not a smart move, clearly the guys who did know about cars werent getting the job done, maybe try a new guy with experience in other facets of business who has had success??

if the guy hasnt had any previous business success, then it is a really stupid hire

[Lefty]

the "littleness" of your posts, getting even smaller.

[robert99]

I don't know who in their right mind would ever buy a GM car as long as the govt is involved. A new CEO that doesn't know about cars. A car Czar, who probably knows nothing, and a 31 yr old law student who doesn't know about cars that's in charge of designing new ones. Gawd, what a mess.

This crazy way of doing things now seems the Anglo-Saxon norm. None of the UK bank CEOs that failed had a single banking qualification between them. An employee at the bottom for minimum wage has to go through several interviews, reference checks, IQ, performance and personality tests. The CEO drifts in from where the grass appears greener but would never make the short list attempting a job at the bottom. I suppose that's what they mean by "learning" organisations.

[The Judge]

people were buying Mercedes Benz's, Volvo's, Jaguars, all manner of luxury cars it had very little do with being under sold and everything to do with bad product and arrogance. Remember the Pinto it came to light the the car companies were willing to pay out law to customers who were burned to crispy critters then do a recall.

These were times of plenty Nixon,Regan, Ford,and Bush were in office low taxes plenty of money for everyone "Right". Under sold indeed!

At every point the American car companies looked to Washington to save them to roll back deadlines for safer and less polluting car.

Explain killing the electric car?

CEO's giving up ill gotten gain equals repaying trap money. How about the ill gotten gains in their personal bank accounts.

[Tom]

How about we start with Chris Doss and his ill gotten gains from Country Wide?

Judge, ALL the salaries of ALL the CEOs combined for the last 20 years wouldn't make a dent in the pork in the latest stimulus package.

Tell you what, after we take care of the real crooks and real money, then we can talk about the small stuff.

[Valuist]

Here's the perfect Father's day gift for Obama's kids to give him:

http://www.dummies.com/store/product/Buying-a-Car-For-Dummies.productCd-0764550918.html