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4,294 Posts
Exactly! Ford didn't take the cash, but still presented a plan for restructuring just in case they needed to, and theirs was viable. Then again, they took some BOLD moves while all GM did was blow smoke and kept parading the Chevy Volt concept car like it was some real-world car we could buy, instead of what it was: A test mule built on a glorified Malibu chassis with dummy insturments.it was part of the deal, if GM took the money, they knew they need a viable plan in a certain ammount of time. Waggoner didn't follow the rules, and so he got canned. If he didn't want the Feds telling him to take a hike, he shouldn't have taken their money.I love liberals... they are so open-minded and accepting of others.Rush is an overweight drug addict who needs to shut it.
The federal government has no business telling any company who they can or cannot have as CEO, just as they have no right using taxpayer monies to prop-up a private corporation. Waggoner should have just told Obama to go F himself and taken GM into bankruptcy proceedings, since that is what is going to happen anyway, unless the feds nationalize it (Socialism, here we come).
When you borrow money from a bank, you agree to their terms. If you fail to follow the terms, they get to do things to you that you may not think are right, (put you out on the street) but agreed to the terms when you took the money.
And, this isn't "socialism" (considering that most who throw that word around like an insult doesn't even know the actual mechanics of Socialism), this move was pure capitalism and the Feds are simply acting as investors. They didn't come in an "nationalize" the plants, they INVESTED in them, and the auto companies had choices other than federal money. Chrysler and GM took the fed money, Ford took another route and looked towards their UK division for inspiration and new capital.
And, right now, the ONLY American car I will buy is a Ford (but ironically one of the UK made ones: The Feista or Ka....)