‘Reluctant Shareholders’: Obama Says He Has ‘No Interest in Running GM’

"Our goal is to help GM get back on its feet ... and get out quickly."

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June 1, 2009 at 1:27 pm - MSNBC
Dateline: Washington, DC

The Volt Electric Car Showcased at GM’s 100th Anniversary, September 2008.

Nine months after GM’s 100th anniversary and expressed optimism by then CEO, Rick Waggoner, shares of GM fell to their lowest levels since the Great Depression on Friday, May 29, 2009.

TDC asks: Why mislead Americans with optimism while taking billions of dollars in bailout funds only to file bankruptcy? Isn’t this reminiscent of Enron and other companies that believably falsified their corporations’ books to create an illusion of financial strength and stability while leaving the stockholders holding the bag?

Dave, Tn   June 1st, 2009 - 1:43 pm

Time for a new non communist American auto company. Thanks for the last 35 years GM, but you’re dead to me now.

Obama Motors (would you buy a used car from this man)   June 1st, 2009 - 1:43 pm

OBAMA MOTORS (a good place to buy a used car)

1967 Oldsmobile – Delmont 88 (Price too low to mention $160 +frt)
Check out these features

Front seats (a bit damp)
Custom rebuilt alternator
Hole in dashboard for cigarette lighter
37 year supply of used donut bags

Teddy Bear Sale, buy a car get a free Teddy

Ace   June 1st, 2009 - 2:06 pm

That Bozo is so full of it – I had to turn it off.

He wants me to think that the CRA, the ACORN and the High Hog Democratz are not largely responsible for the fall of General Motors.

Phooooooooooooooooey

Cognitive Dissident   June 1st, 2009 - 2:23 pm

perhaps call it “Parachute Socialism”?

Obama claims that the assist to GM is temporary. I hope (for the sake of his credibility) that he makes good on this claim.

We shouldn’t have a “Government Motors”.

Dave, Tn   June 1st, 2009 - 2:50 pm

There he goes lying again!!! h/t sweetness and light
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/10/AR2008111003267.html

President-elect Barack Obama yesterday urged President Bush to support immediate aid for struggling automakers and back a new stimulus package, even as congressional Democrats began drafting legislation to give the Detroit automakers quick access to $25 billion by adding them to the Treasury Department’s $700 billion economic rescue program.

johne   June 1st, 2009 - 3:01 pm

He implies these companies were facing a crisis decades in the making, and having relied on loans from the previous administration, were asking for more, but yet according to the Washington Post on Nov 11, 2008 Obama urged President Bush to support immediate aid for struggling automakers and back a new stimulus package. Bush’s fault and he is now according to him is the great savior. BS

Neal E   June 1st, 2009 - 3:28 pm

All this wasted money just to have GM declare bankruptcy anyway.

National strike anyone??

Eileen for Freedom/Liberty   June 1st, 2009 - 3:33 pm

America…when you tell a lie continually…it will eventually be believed! Thank you, Saul Alinsky!

Do not believe him America. Bilderberg Bush-Obama has an agenda given to him from the Bilderberg Society.

Why do you think that our nation’s Secretary of the Treasury, Geithner, Volcker and others went to Greece last week to present our financial status and the status of our actions in Iraq and Afghanistan to the “secretative” Bilderberg Society?

Read it for yourself…as posted on the reputable site…Politico at:

http://www.politico.com/news/stories/0509/22957.html

I, for one, will never, ever buy a car from a company run by “this” government!

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

JUST ANOTHER PATHETIC DAY IN THE ‘REIGN OF BARRY HUSSEIN AND HIS AGENDA TO DESTROY AMERICA FINANCIALLY …ONE BANK, ONE CAR COMPANY, ONE STATE, ONE 401K, ONE BIG SPENDING BILL AND ONE RACIST NOMINEE FOR THE HIGHEST COURT IN OUR LAND…IN THE HOPES OF DESTROYING OUR GOVERNING DOCUMENT…THE CONSTITUTION OF THE UNITED STATES OF AMERICA!

Aimee   June 1st, 2009 - 3:38 pm

Will Obama ever stop lying to us? I’d have an easier time believing the world had stopped revolving than that Obama did not have an interest in running GM.

If I were trying to destroy the US economy, I would proceed exactly the way Obama has over the last five months.

American Liberal   June 1st, 2009 - 4:17 pm

Obmam couldn’t run a pig in a poke.

COMMUNITY ORGANIZER - WAAAAY OVER HIS HEAD   June 1st, 2009 - 4:36 pm

HE IS THE GREAT IMPOSTER THAT WILL DESTROY AMERICA FROM WITHIN.

Harry   June 1st, 2009 - 5:01 pm

“You ain’t seen nothing yet!”

- Comrade Chairman Obama

BYE BYE AMERICAN PIE   June 1st, 2009 - 5:38 pm

BYE BYE AMERICAN PIE drove my chevy to the leve but the leve was dry,

PEOPLE KISS YOUR AMERICAN FREEDOM GOOD BYE we are now a COMMUNIST STATE.

Girl 2   June 1st, 2009 - 5:50 pm

Remember, he is going to appoint. a car czar, cyber czar and a credit czar..and the hits just keep on coming. Brown shirts will soon be in style this fall and rose color glasses.

SuperSarge229   June 1st, 2009 - 6:13 pm

Your comment is awaiting moderation.
LIAR!
LIAR!
LIAR!
WORTHLESS COMMUNIST LOVING,
LIAR!
BIDEN ‘09!!
NOW MORE THAN EVER!
B.T.W.,
Anyone seen those nu-de pictures of Obama’s Mommy floating around?
That’s how she found the “Sp-erm Donator” to make this irritating, left-wing mistake!
Never seen a better pro-abortion advertisement in the making!!
There’s one waiting for you, Baby Killing Freaks! Have at it!
Skinny little sk-ank!
I guess slimy little h-oe just runs in the family!

Laffing at Leftists Morons   June 1st, 2009 - 6:17 pm

Where is all the leftist mouthoffs ie, whatwhatwhat, Mary Fat, (L)Arse(hole), and the rest of the idiots?

Obama driving this country AND GM into the ditch!!

[...] ‘Reluctant Shareholders’: Obama Says He Has ‘No Interest in Running GM’ Related Post:‘Not Pleased’: Obama’s Pre-Speech Secret Meeting With Torture Opponents Goes Badly [...]

[...] post: ‘Reluctant Shareholders’: Obama Says He Has ‘No Interest in Running GM’ Filed Under: Latest News [...]

doogle   June 1st, 2009 - 8:23 pm

This guy is opening a plant manufacturing car engines that will get 110mpg and produce 400hp! And, it’s not a hybrid.

He did it in his Ford Mustang, and will now be producing 25 engines a day under contract.

http://www.hp2g.com/articles.html

I hope he only sells to Ford…I’d trade my current Mustang GT convertible (V-8/300hp) in for a newer model…especially with 400 horses!

fande3rls   June 1st, 2009 - 9:11 pm

JUst get me the motor I ll put in any of my cars,
if it is true then obama just blew a whole lotta money for nothing (again)

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