Obama Warranty Plan Leaves Many GM, Chrysler Owners Vulnerable - First 100 Days of Presidency - Politics FOXNews.com
President Goodwrench? Really? Obama (aka 'the taxpayers') are going to fulfill the warranties for new GM and Chrysler cars if those companies can't. But if you bought a new GM or Chrysler car or truck last year, forget about it.
"If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired, just like always," Obama pledged Monday. "Your warranty will be safe. In fact, it will be safer than it's ever been. Because starting to day, the United States government will stand behind your warranty."Yet another less than brilliant move by our new President. Add this on to the already huge steaming pile of crap he's created and we may never recover. And people claimed that Bush was more dangerous than Obama? Where are those people now? Why aren't they stark raving mad at this lunatic and his hellbent agenda on destroying this great nation?The White House nor the Treasury Department responded to requests seeking comment.
But the National Automobile Dealers Association said it also isn't impressed by Obama's plan.
"We are encouraged by President Obama's commitment to putting the domestic auto industry back on the road to recovery but continue to urge the administration to focus immediately on correcting the dysfunctional credit markets," the organization said in a statement, adding that bankruptcy should not be an option.
"It would further erode consumer confidence and, therefore, our ability to sell at the retail level. Moreover, it would further exacerbate the availability of credit."