Comments on: GM CEO Steps Down At Request Of White House – I Don’t Buy It.

By: David

David — Tue, 31 Mar 2009 14:47:30 +0000

I think that’s a bad move too, especially if you don’t like Obama. Cause if it works, he will look like a hero to the regular old Americans.

I still don’t like it, but I wouldn’t go down that path either

By: Ron@TheWisdomJournal

Ron@TheWisdomJournal — Tue, 31 Mar 2009 13:15:05 +0000

There sure are a lot of senators throwing the President under the bus on this one. They all claim it was 100% Obama’s decision.

By: Llama Money

Llama Money — Tue, 31 Mar 2009 03:41:38 +0000

Remember, the Feds did lend GM many billions of dollars. I’d bet that it was more of an order rather than a request. GM has been content to let Wagoner stay on for all these years, failing year after year. It didn’t change until GM started getting money from the government.

By: david

david — Mon, 30 Mar 2009 15:36:34 +0000

Oh I know Matt. And I also hope they stay private; I want to own one of these cars someday!

By: Matt SF

Matt SF — Mon, 30 Mar 2009 15:30:53 +0000

Awesome idea but will never happen. Financiers and old world sentimentality will never allow GM to go under because they built Sherman tanks during WWII.

I certainly hope Tesla never goes public, otherwise, they’ll be target #1 for a hostile takeover and we’ll never see them again.

By: Neal Frankle

Neal Frankle — Mon, 30 Mar 2009 14:27:17 +0000

Thanks for writing this. This is just another illustration of why GM has no reason to exist. They refuse to take responsibility for their lousy management.

Your solution is awesome. This is a great post. Thanks!

I suggest that everyone who reads this post tweet about it – I am.

By: Baker @ ManVsDebt

Baker @ ManVsDebt — Mon, 30 Mar 2009 13:21:01 +0000

I don’t buy it either. This whole “by request of the White House” is a political stunt.

I don’t mind him stepping down, I just don’t appreciate it being used as a tool to distract us from the real issues.

Great post!