Obama sets deadline to force GM, Chrysler overhaul

Obama Sets Deadline Force Gm Chrysler Overhaul - Politics, Business, Civil, History - Posted: 30th Mar, 2009 - 8:10pm

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Post Date: 30th Mar, 2009 - 6:42pm / Post ID: #

Obama sets deadline to force GM, Chrysler overhaul

Obama sets deadline to force GM, Chrysler overhaul (AP)
Political News

President Barack Obama, flanked by Treasury Secretary Timothy Geithner, left, and former Deputy Labor Secretary Ed Montgomery, makes remarks on the American Automotive Industry, Monday. March 30, 2009, in the Grand Foyer of the White House in Washington. Montgomery will lead assistance efforts to cities and towns that depend on the auto industry.  (AP Photo/Gerald Herbert)AP - President Barack Obama asserted unprecedented government control over the auto industry Monday, rejecting turnaround plans from General Motors and Chrysler and raising the prospect of controlled bankruptcy for either ailing auto giant.



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Post Date: 30th Mar, 2009 - 8:10pm / Post ID: #

Obama sets deadline to force GM, Chrysler overhaul
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overhaul Chrysler GM force deadline sets Obama

I am not sure I like the plans the government has set out for these two auto makers. I think to save tax payers money they should let them go into bankruptcy and have something better come out of it all. I believe getting rid of the CEO for GM was a wise decision but the government should have not forced him out.


 
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