Posted by
Ken Rogers on Monday, March 30, 2009 2:42:28 PM
Various news articles have mentioned that the White House has determined that the plans provided by GM and Chrysler were not credible.
http://www.time.com/time/politics/article/0,8599,1888326,00.html Why gives these guys the right and or authority to say this. Look at what's happened to the overall economy. No one in their right mind can say that this was only a industry problem, what with Fannie and Freddie issueing bad loans at the behest of Congress. Most economists believe the current plans for the housing debacle, the credit crunch, the failing economy will not work and bankrupt the country. So these same guys know better how to make the auto industry viable than the industry itself? BTW: Can we fire the President if he's plans do fail, or in the case of GM don't work quickly enough?