Obama Administration Role with General Motors: Savior

By Automotive Staff | May 05, 2009
Once again, the conservatives are overreacting. They see creeping Socialism -- government ownership -- in the U.S. auto industry. Specifically, they're concerned about the Obama Administration on the way to ownership and being a board member of Chrysler and General Motors. Note, though, that what Obama is trying to do is use all tools available to him to save one of the most important industries in the U.S. and possibly save manufacturing in general in this country. Then to bow out gracefully. More importantly, his actions are to get the money back from the two companies. So the American taxpayer makes a little bit of coin for loaning funds that are keeping both Chrysler and General Motors alive through a transition. What the heck is wrong with that?! via Detroit News
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Not a thing....I just hope it works!