Grabs Leftwing by the Nose. NO Here’s what you do A******* you replace the Chrysler with a Great Transportation Visionary and Engineer – who is not willing to sell out the company, not willing to make a cushy retirement for themselves while the company fails, or some other clown the Wealth Fat cats on the board of directors decide to pencil in as CEO. Wharton School or RICH Lazy SOB’ how can we graduate- find a Company to suck dry and blame everyone else for OUR mistakes. This leftwing is the Problem with American business management the lack of RESPONSIBILITY and Direction.

Digger, trust no one….

I personally am against government intervention, however, I’m crossing my fingers and hoping that this government intervention actually works out. I’ll be jumping for joy if all three American makes pull through and become stronger players in the world market, no matter how it’s done. Time will tell, but I think the future is starting to look up. That’s not a contradiction, so don’t hammer me for it.

Oh, and BK’09, you went to college?

First he complains that when someone needs 100 million they come to the board with a powerpoint presentation. What is wrong with that? Sounds like GM has a set way that fund requesters request money. What did he want? The request written on a napkin?

And then he talks about sound analysis. Not sure of course what he meant exactly but this is the auto industry, not the financial market he is used to. A + B does not always equal C. Perhaps taking a chance on some new technology that shows no possible payback (i.e. prius hybrid) for at least 10 years would be thrown out the door by a pure “financial” analysis, yet it sure did pay off for Toyota in the long run.

And as far as the execs sitting on their own floor. Seems like any company as big as GM would keep the execs together with a bit more security than everyone else. And since they did have their own parking spots there would be no need for everyone else to have access. The execs did ride the same elevators, they just had access to a floor others did not.

I am not saying that there was nothing wrong at GM and did not need changing but his article just did not put much out there. Most likely he will write a book and make a bunch more money.

What happened to the conservatives who said the comunists were the enemy! I tell you what happened, they gave away our country to the comunists in China. We have to learn who we can really trust, just don’t take what politicians say for granted even Obama, we need to use our voices and our votes, there is so much to fix. I think Obama and his people are moving at a snails pace, like they don’t know what to do. FDR tried things and if one thing didn’t work then he would try another.

Tax the imports, make things here. Tax Exxon for renting ships not made in the US? We should do more.

I think people on this post care about their country, we need everyone to care. Talk to your friends.

perhaps you’re more liberal than you realize, because further nationalization of chrysler would not have been on the agenda of any conservative president…

don’t worry, i don’t really expect a logical response…you are free to continue thinking you’re conservative, and hating liberals, and yet criticizing them for not being as liberal as you would’ve liked…

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“For example, under the previous administration’s loan agreements, Treasury was to approve every GM transaction of more than $100 million that was outside of the normal course. From my first day at Treasury, PowerPoint decks would arrive from GM (we quickly concluded that no decision seemed to be made at GM without one) requesting approvals. We were appalled by the absence of sound analysis provided to justify these expenditures.

The cultural deficiencies were equally stunning. At GM’s Renaissance Center headquarters, the top brass were sequestered on the uppermost floor, behind locked and guarded glass doors. Executives housed on that floor had elevator cards that allowed them to descend to their private garage without stopping at any of the intervening floors (no mixing with the drones).

In my relatively few interactions with chairman and CEO Rick Wagoner, I found him to be likable, dedicated, and generally knowledgeable. But Rick set a tone of “friendly arrogance” that seemed to permeate the organization.

Certainly Rick and his team seemed to believe that virtually all of their problems could be laid at the feet of some combination of the financial crisis, oil prices, the yen-dollar exchange rate, and the UAW.

It seemed completely obvious to us that any management team that had burned through $21 billion of cash in a year and another $13 billion in the first quarter of 2009 could not be allowed to continue. Equally important, GM’s February viability plan was more “business as usual” and not the aggressive new approach that we felt was essential.”

http://money.cnn.com/2009/10/21/autos/auto_bailout_rattner_excerpt.fortune/?postversion=2009102108

…unlike some paranoid idiot, sore loser and big babies who would rather see America fail just to say Obama failed, who make up any excuse to say Obama is crap….always fail to realize the damage Bush did in 8 years cant be fixed in 9 months. I’ts funny how, as much as I disliked Bush…I was really hoping that he could make things better. THATS the difference between left and right.

“If Obama solved World Hunger, Conservatives would complain that he caused over population” (D) Fl.

That said
There is a difference between management and talent
GM is showing a lot of talent
That was being kept under the mattress for far too long
It almost cost them everything
DrFill

I mean Pelosi and Hillary Both Retard who not only stifle and make matters worse but also suffer from Cranial Rectal Inversion. Barney Frank who the hell is he! Damn Queer.

Ok But I will say that GM is not well managed, but to show you how Dumb Washington is. Chyrsler should not be Thrown in the Garbage Can. THE US needs not only Manufacturing but jobs. You don’t s*** can a company expecting to put more people back to work! This shows you how Dumb ” THE OBAMA ADMINISTRATION IS”

No, they probably would have bailed out GM and ChryCo. I don’t think they had the wherethal to eliminate 300,000 jobs – it’s a political suicide. Should Chrysler been killed? We still don’t know that. We can all hope Fiat saves them, but honestly no one in this world can say it will work. We’ll see – but it still was a gamble. GM was going to be saved no matter what – you kid yourself thinking one of the guys would let them die. I put my life on that even if the goverment stayed out of it – Toyota and Honda would have came together and found a way to either buy them out or loan them the money, besides the company where I work would have loaned them billions to stay afloat too in our own interest (they did actually). They need GM too.

The car companies have stunk up our economy for a long time and they have to take all the blame. The cars they sell in Europe are nothing like what they sell here, nevermind Fords hot sedan that goes to Australia. All the fun stuff is overseas which makes it more obvious how they stunk up the cars sold here and let the barn door open for the imports to come in. Tough stuff but they have to take the blame.

Now we need these jobs and companies very badly and hopefully they will improve drastically. These are desperate times in case you don’t know, things are getting much worse. Unemployment is growing a lot. We need to make cars here, we need to make ships here again! We need more jobs in this country! Jobs you can raise a family on.

Get rid of NAFTA!!!!!

I’d like to start a task force to audit the Gov’ts travel expense program. Imagine the $millions if not $billions that could be saved if that was put under scrutiny and tighter control.

Can we imagine what would the auto industry be like today if Lee was successful in getting his partner Kirk Kerkorian to buy out Chrysler in ’98? Not here, that’s for sure!

On this article… Oh boy! One thing doesn’t make that much sense though… Maximum Bob was part of the regime the auto task force hated – so what’s up with the promotion??? I think they are being dramatic in their accounts just a little bit – and/or Bob is really the guy I know he is and he was the lone ranger in the board rooms. We all know Bob doesn’t put up with sh!t from anyone!