Dickieboy
DP Veteran
- Joined
- Oct 11, 2011
- Messages
- 5,878
- Reaction score
- 1,420
- Gender
- Male
- Political Leaning
- Libertarian - Right
Possibly. But when I said invest I meant a private investor. The POTUS and a private investor have two very different goals in mind. The private investor is seeking ROI whereas the POTUS is trying to not let the economy completely go into the dumpster. I believe that both Bush and Obama saw a glimmer of hope and committed tax money for a boost, so I praise them both. However I think Obama did a better job than Bush because he didn’t just throw money at the situation, he made sure that management was correct and had the right goals in mind.
President Obama DID do a 'better' job but only due to the circumstance. Bush could not do much as he was time limited nearing the end of his term and GM/Chrysler were reticent in their efforts to address management/cost/debt issues. President Obama had the same issues with them dragging their feet in addressing the issues, imposing deadlines on GM 'or else', but had time on his side which Bush did not. Completely different situations.
Obama: GM Gets 60 Days to Restructure, Otherwise Quick Surgical Bankruptcy
And again, private investors had NO leverage over the unions to ensure concessions thus reducing their desire to invest...it would HAVE been how did you say it 'out of their mind'...