Tuesday, April 14, 2009

Bankruptcy for General Motors


Dan Howe's had an interesting opinion piece in the Detroit News today regarding President Obama's auto team announcing that GM should get ready for bankruptcy. This announcement came even though GM has about 45 days left to present their turn around plan. Mr. Obama came out today and stated it is his desire for Chrysler and GM to avoid bankruptcy.
To which I respond....hog wash! Below is a copy of my comment to Dan on his piece:

Dan, while I am an avid fan I take exception with your last paragraph. Indeed there is an agenda at work here, in fact several agendas. First you do have the "green" faction lead by Pelosi and Waxman, they are the reason Wagner was forced out.

Then you have the southern Republican Senators that want to bust the union before more liberalized union organizing laws take effect.

And finally you have our President, Mr. Obama. At first I couldn't understand why he would be interested in seeing the UAW go away, after all they helped him get elected. Then it became plain as day, if indeed the union contracts are void, and legacy promises are void, Mr. Obama has leverage to push his national health plan through Congress virtually unopposed.

The sudden influx of a couple of million people without health insurance will not only put a huge financial burden on the people directly effected but the medical industry as well.

We just came off 8 years of a President that wiped his feet on the Constitution and seemed to forget which country he was President of. So in response we elected a new President of "Change". The sad reality is the only change is we swapped an elephant for a donkey.

Beyond that the political agendas win and the people lose.


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