- Joined
- Aug 26, 2007
- Messages
- 50,241
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- Location
- San Antonio Texas
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- Conservative
GM, Chrysler Get Ultimatum From Obama on Turnaround - Automotive * US * News * Story - CNBC.comPresident Obama asserted unprecedented government control over the auto industry Monday, rejecting turnaround plans from General Motors and Chrysler and raising the prospect of controlled bankruptcy for either ailing auto giant.
Eager to reassure consumers, Obama also announced the federal government would immediately begin backing the warranties that new car buyers receive _ a step designed to signal that it is safe to purchase U.S.-made autos and trucks despite the distress of the industry.
On what grounds, constitutional grounds does Obama have to make such a move, make the claim the US Government would back a private companies warranties?
People screamed bloody hell Bush was tapping phone lines to catch terrorist as Government out of control... what the hell do you call this bullsnot?