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Saturday, December 20, 2008

Can Wagoner Be Removed From Gm

The nut behing the wheel at Gm is clearly Rick Wagoner. It was his poor performance as chairman of Gm that ruined the company in the first place. How can the government give a company money like Gm money when its leadership is so weak? Bush throwing money at Gm is typical of the many bad decisions he has made over the last 8 years that has put the country close to being in a perment depression. To solve Gm's problems they must start from scratch. That means quickely bringing in new management. Bush's plan is just prolonging Gm's bad situation. Remember the longer it takes to rebuild the auto companies, the longer the nation will endure a weak economy. The United States is in a sinking boat because we just couldnt do what had to be done when it had to be done. The bailout of of an incomptent jerk like Wagner is incomprehensable and a contuation of the bad decision making that put the U.S. enconomy where it is today. On the verge of falling off a clif. The right decision would have been to remove Wagoner before any money was given and then the company saved with new management. The Detroit Times will continue to do everything with in the power of the press to remove a piece of drek(shit) like Wagoner from a great company like Gm. God help the country if we fail.
THE BROKER---While the crude oil trade is now under water it will soon recover. Be patient