The President of GM

Extreme abuse of power: "While GM has made a good faith effort to restructure over the past several months, the plan they have put forward is, in its current form, not strong enough. However, after broad consultations with a range of industry experts and financial advisors, I'm confident that GM can rise again, provided that it undergoes a fundamental restructuring. As an initial step ... Rick Wagoner is stepping aside as Chairman and CEO. ... In this context, my administration will offer General Motors adequate working capital over the next 60 days. During this time, my team will be working closely with GM to produce a better business plan. ... Let me be clear: The United States government has no interest or intention of running GM." --Barack Obama

Government warranty: "If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always. Your warranty will be safe. In fact, it will be safer than it's ever been because ... the United States government will stand behind your warranty." --usurper in chief Barack Obama

**What was that about "no interest in running GM"?

Another czar -- who has no interest in running GM, of course: "I am designating a new Director of Recovery for Auto Communities and Workers to cut through red tape and ensure that the full resources of our federal government are leveraged to assist the workers, communities, and regions that rely on our auto industry." --Barack Obama

It won't if you leave it alone: "We cannot, we must not, and we will not let our auto industry simply vanish." --Barack Obama

Wrong: "The market will not solve this. And the great risk for us is we do too little, not that we do too much." --Treasury Secretary Timothy Geithner

Via The Patriot Post
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