So says the Obama Administration.
Really? This will just have to be an Anal-Ocity soon.
The White House said today that the government does not want to run General Motors Corp., despite GM’s restructuring plan that would give the Treasury 51% of the company.
President Obama has said the administration did not want to manage an automaker, but the deal at GM and what’s expected to be a similar proposal at Chrysler would give the U.S. government great say in both firms.
“This administration and this government have no desire to run an auto company on a day-to-day basis,” White House spokesman Robert Gibbs told reporters. “It is not our desire to own or run one of the auto companies.”
But yet they can fire a CEO, or dictate bankruptcies or choose what direction the company must take. But they do not want to run the companies….thinking…sounds like it is too late they already are running the companies.
“What the government has told us is that they want us to develop a plan, to execute the plan, to run the business, to be successful, to be viable, and to take care of the taxpayer so the taxpayer gets a return on their funds,” GM CEO Henderson told analysts.
Sorry guys, but I believe it is too late….you already are the boss.
Interesting! In fact, now the question Obama must be asking is then who wants to run them and why? In today’s world, can we find a segment that wants to buy these cars for which a big chunk of the bailout money was offered.
I have been struggling with similar issues in this whole directionless recovery debate (http://asiapulse.wordpress.com/)
Warm regards, Z
Hello zugnal and thanx for the visit…..I will check out the blog also…I will be watching the situation for there is more to the story than is reported.