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When is Obama going to let GM go bankrupt and restructure on their own?
They lost almost another 10 billion in the 4th quarter even though they got some help. What a waste!
9 Answers
- mr_cj_jrLv 61 decade agoFavorite Answer
Perhaps sooner than you think.
I think they've had ample help to get them out of their old mindset and back on track.
FYI....Bush started giving GM bailout money way before Obama.
- 1 decade ago
Obama should definitely let GM go bankrupt, that is the only way they can get rid of those incompetent know nothing, overpaid executives, who don't know cars, everything is *** backwards now, the executives and the marketing knuckle heads tell the designers and engineers what kind of cars to build, that's why they are putting out all of this junk, what they need is a clean sweep and to rebuild, no more taxpayer money to idiot MB A's.
Source(s): My own genius. - 1 decade ago
EASY! Come ON people how about a tougher question! GM will go bankrupt right after Obama successfully achieves his goal to bankrupt the entire USA. Come on get with the program. Go Obama Go GO OBAMA
- Anonymous1 decade ago
Yes, unfortunately you are right, and that's what should have happened to ALL of these companies including the banks.
Just another example of Bush fiddling with markets he has little understanding of - and now unfortunately Obama too.
The American system works - let them fail, refinance and restructure. As it is we are just pissing all our money down a hole we will NEVER fill.
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- relevant inquiryLv 61 decade ago
If GM goes bankrupt, they will be finished because no one will buy their cars without guarantees re trade-in value and special warranties for service.
- Anonymous1 decade ago
Obama wants to keep GM going to make the new Obamavich, the peoples car, modeled after the Moscovich in Russia, next GM will be retooled to make our new Pol Pot Pajamas
- 1 decade ago
as soon as the people make it clear to these companies and to obameeeee that we are NOT going to bail the scumbags out anymore
- 1 decade ago
They had 8yrs. under Bush to do that, what's the rush now.