Forced Out: GM CEO Suddenly Resigns at Obama’s Demand

Washington Post: General Motors chairman and chief executive G. Richard Wagoner is resigning at the request of the White House, clearing the way for the Obama administration to offer the company more federal aid.

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March 29, 2009 at 9:44 pm - AP
Dateline: Detroit, MI
Dave, Tn   March 29th, 2009 - 11:52 pm

Well Obama has such a great track record of picking competent people I’m sure everything will be just fine now.

[...] Quick Take: Forced Out: GM CEO Suddenly Resigns at Obama’s Demand → Read full article… [...]

[...] Motors, to step down and Wagoner is agreed, a White House official said, according to Politico. On Monday, President Obama is to unveil his plans for the auto industry, including a response to a r…. The plan is based on recommendations from the Presidential Task Force on the Auto Industry, headed [...]

Sylvia   March 30th, 2009 - 12:50 am

The CEO is forced out and then GM is given 60 days to turn the company around. Congress wants everyone to settle for driving Fred Flintstone’s car.

No, wait. Congress wants to reverse a former error…the one that allowed Americans to own and register cars without anyone’s permission.

Uncle Tom   March 30th, 2009 - 1:10 am

Does this colored clown have any idea what General Motors symbolizes in this country?

Does he realize what tampering with private industry reveals about his hatred for this nation?

The UAW, just like the Canadian GM workers union, should be quaking in their overalls right about now.

[...] posted here: Forced Out: GM CEO Suddenly Resigns at Obama’s Demand Filed Under: Latest News VideoTagged: pcu [...]

Whatwhatwhat   March 30th, 2009 - 1:51 am

If the government has to bail out an industry of that size the CEO SHOULD be fired! The board of directors should probably be thrown out too!

As for you right wingers your ideology got us into this mess and you still show no signs of intelligence yet. That’s okay because you’ll be sitting on the sidelines for a long time to come.

always RIGHT   March 30th, 2009 - 7:08 am

Whatwhatwhat you are an idiot. Since when does the government have the right to tell a CEO to resign. It was the government that set up the downfall of the car industry. Move to France you A-hole.
Uncletom, What makes you think Milhouse Obama would not protect his voting block. They are not going anywhere. They will probably get an increase in pay, extra veek of vacation so they can sit on their butt even longer.

Sylvia   March 30th, 2009 - 7:42 am

Forget Uncle Tom’s ideology.

This could be the start of the last two months for GM. BO says GM is “no longer viable as a stand-alone company.” If Congress saves GM and dictates what products GM will build, and nobody buys their Flintstone-mobiles, GM will fold.

Either way, BO will not think twice about tossing the UAW under the bus. He’ll gain more socialist power than he’ll lose in votes.

See what the GM shareholders think after BO opens his big mouth later this morning.

Sylvia   March 30th, 2009 - 7:52 am

BO first trashed Mom…now Chevrolet…what’s next? NO MORE APPLE PIE ?

jbh50   March 30th, 2009 - 8:26 am

The govt’s greenies (environmentalists) have managed to regulate the auto industry into a position where their price points can’t compete…so they have built cars people won’t buy. Now, we watch the endgame. The govt handlers won’t be satisfied until we are all driving smart cars, tin can priuses, or bicycles.

March 20, 2009. The day that creativity died. RIP.

Far Right Wing Wacko   March 30th, 2009 - 9:08 am

Ahhh, the hypocrisy comedy parade of the far right continues. President Obama is the BOSS Period! I remember quite well when old rockin’ Ronnie Raygun broke the air traffic controllers union and fired all of them on the spot! But since THAT was a Rethuglican’t, it was perfectly OK? Can’t have it your way all the time little boys and girls. Now go back to your corners and keep your noses close to the wall! If you all want to act like a bunch of sissy la la crybabies, then you shall be treated as such. LOSERS!

N Waff   March 30th, 2009 - 9:42 am

“Far Right Wing Wacko” raises a good point. The cost of worker compensation for The Big Three is double that of, for example, Toyota. The reason is the auto union. Let’s bring back Reagon, break the union’s stronghold and the Big Three will be profitable.

GM and Toyota sold the same number of vehicle in 2007. Toyota was making $2k profit per vehicle and GM was losing $4k per vehicle.

Is the federal government experts at running the auto industry – absolutely not. Is government great at mismanagement and wasting money – yes.

LiberalsAreParasites   March 30th, 2009 - 10:09 am

Far Right Wing Wacko, Obozo is not the BOSS, the GOV. works for us you moron, we don’t work for them. The democrap congress got us into this mess, now they want to take ALL our rights away. I would like one of you liberal idiots to point out where in the constitution it says the GOV. has the power to take away privite companies. The GOV. can’t run the Post Office, what makes them think they can run a large company like GM.

James K   March 30th, 2009 - 10:14 am

Richard Wagoner is a pu$$y.

Nick57   March 30th, 2009 - 11:00 am

Now the government dictates who should be fired. Regardless of the fact GM took the money, this way oversteps the authority of the federal government. I mean really, who the hell is Obama to make these decisions? Has he ever run a business or ever had to make payroll? Paid all of the taxes required of him as a businessman? No. He is just a career politician who now happens to be our President. And thus far appearing to be quite inept.

Sylvia   March 30th, 2009 - 11:41 am

“The Government will stand behind your warranties.”

What a crock. Not if there are no more GM parts or Mr. Goodwrench. Is Congress going to open up a garage in DC?

If you drive a GM/GMC truck or SUV, sorry my friend, YOUR warranty just ran out on 3/30/09.

When and where will this madness END ?

rev right   March 30th, 2009 - 12:10 pm

Auto dealers, domestic and foreign, were far, far bigger players, paying out $9.2 million in donations — skewed heavily towards the GOP — with John McCain pulling down more than $590,000

If you want your tax dollars to keep going to GM and Chrysler even through they can,t seem to get their act togather,let you people in congress know you want your dollars( not anybody else’s)to keep going to GM and Chyrsler.
You wont hear a peek out the Republicans about what Obama did today.This is what they have been calling for all along.
If you sheeple at Breitbarf would to try to find out whats going on instead of blah,blah,I hate Barack Hussein Obama.You wouldn,t appear to be so laughable and stupid.

Miss Crabtree   March 30th, 2009 - 1:18 pm

rev right… thanks for making laugh out loud with your deliciously wacky punctuation, topped only by your mastery of English.

Comment Grade: A+

Bob LobLaw   March 30th, 2009 - 1:26 pm

What are these DC clowns going to ride to work? Unicycles? Stop the circus, I want my money back.

No USSA   March 30th, 2009 - 3:33 pm

USSA

United Socialist States of America

Whatwhatwhat   March 30th, 2009 - 4:17 pm

Obama is indeed the BOSS! He controls the cash and the lifeline to these industries unless somebody else is going to bail out GM and the others.

Obama told these thick headed auto industry CEOs what he wanted to see before fronting them cash and I guess Waggoner thought it was a joke. It’s no joke buddy. Just like Reagan with the ATCs this President means business.

fande3rls   March 30th, 2009 - 6:12 pm

Sic; (THINK) mis type.

fande3rls   March 30th, 2009 - 6:20 pm

Whatwhatwhat :

I’m Glad you thing he’s YOur boss, HE IS NOT MINE .

What he did was an over reach and a volation of the constitution of the United States.

I’m So glad you want to be a slave to the state What what what what ever

why don’t you sit and read the constitution and read what the founding father really said . before you think or should I say obey your new master ,

SIC SEMPER TYRANNIS
GIVE ME LIBERTY OR GIVE ME DEATH!-Patrick Henry
SOCIALISM KILLS THE HUMAN SPIRIT AND MIND
DOn’T TREAD ON ME

Eileen for Freedom/Liberty   March 30th, 2009 - 7:11 pm

America…a precedent has been set…when a leader fails at making his company work…he is fired!

We now can fire Saul Alinsky Obama when all these spending bills fail to stimulate anything!

HIP…HIP…HORRAY!

America…CEO’s at GM are groomed from within the company. Rick Waggoner has been there 30 yrs working his way up the ranks! He learned each and every aspect of GM and so does everyone else in top positions at GM. They are “car” people and know their stuff!

The problem with GM is not the management, it is the Union!

And all you stupid UAW workers that did what Gettlefinger told you when he told you to vote for Saul Alinsky Obama because he was for labor are now losing your jobs.

Saul Alinsky Obama stabbed you in the back and threw you under the bus with his “typical white grandmother” and you fools deserve it for not thinking for yourselves!

It is a disgrace that GM has allowed this to happen…to the point of begging for taxpayer monies when they were the richest company in the world.

The Union leader Gettlefinger should go…he is the one that did it…he and his greedy management!

The government has no right to come in and take over GM…but GM let them do it!

God help all the employees all over the world that will now suffer for their greed!

========================

JUST ANOTHER SAD DAY IN THE SOCIALIST “REIGN OF BARRY HUSSEIN” THE NEW PUPPET OF THE BILDERBURG SOCIETY AND THEIR PLAN TO TAKE DOWN BANKS AND COMPANIES WITHIN THE UNITED STATES SO THEY CAN TAKE OVER…PHASE ONE OF THE AGENDA IS BEING ACCOMPLISHED!

Eileen for Freedom/Liberty   March 30th, 2009 - 11:50 pm

As a side note…

Americans need to have their heads examined and their voting rights removed if they voted for the Nation of Islam’s Messiah!

America this should not have surprised me…but it did.

Saul Alinsky Obama is looking to hire more Muslims in the White House.

http://www.wnd.com/index.php?fa=PAGE.view&pageId=93251

America…why? Why Muslims? Why indeed?

=============================
JUST ANOTHER SAD DAY IN THE SOCIALIST “REIGN OF BARRY HUSSEIN” AND HIS MUSLIM FAITH AND HIS AGENDA TO TAKE AMERICA DOWN FROM WITHIN!

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