Here we go again; Update: The auto repairman-in-chief speaks
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Photoshop credit: George of Elegant Memories
The Obama administration is swaggering over its firing of GM CEO Richard Wagoner and its demand for more restructuring concessions from GM and Chrysler before they dole out more money.
But the bottom line is, despite their threats to withhold the funds, the feds will eventually give them the billions of dollars in taxpayer money they need to prop up their failing businesses.
In other words: KABUKI!
Frustrated administration officials, speaking on condition of anonymity ahead of Obama’s announcement, said Chrysler has been given a 30-day window to complete a proposed partnership with Italian automaker Fiat SpA. The government will offer up to $6 billion to the companies if they can negotiate a deal before time runs out. If a Chrysler-Fiat union cannot be completed, Washington plans to walk away, leaving Chrysler destined for a complete sell-off.
Shawn Morgan, a Chrysler spokeswoman, declined to comment ahead of Obama’s announcement. For GM, the administration offered 60 days of operating money to restructure. Officials say they believe GM can put together a plan that will keep production lines moving in the coming years.
***
Barack Obama rose from community organizer to auto company usurper. Only in America.
Ed Morrissey points out that Obama has also cooked up a new government-backed warranty program:
Vehicle owners can expect the same kind of efficiency and expertise they receive there in handling warranty issues with their vehicles. Instead of working with dealers on the warranties, the government will now have to get involved, which will mean extensive paperwork for every warranty claim as the Directorate of Auto Warranties will have to account for every single penny, or at least those pennies that don’t get earmarked for Auto Warranty Bike Paths by Rep. Jim Oberstar.
And let’s not forget what this will do for Detroit’s competitiveness. Now that warranties will get funded by Uncle Sam, what do you suppose will happen to them? They’ll get shortened, and if they become uncompetitive, it will literally take an act of Congress to get longer warranties offered by Detroit. But that’s not what will really happen. If the Directorate of Auto Warranties discovers that the competition offers longer and more robust warranties, the Directorate will simply get Congress to pass laws outlawing them. After all, we can’t have a bunch of furriners undercutting Uncle Sam, can we? Why, that would be downright unpatriotic!
***
Update: 11:21am Eastern…
Barack Obama, auto repairman-in-chief, is on TV promising to guarantee that your GM/Chrysler car gets serviced and repaired.
Only thing he forgot to promise: the free tire gauges!
Here’s the transcript of his prepared remarks. An excerpt, including the announcement of a new “Director of Auto Recovery.”
It is my hope that the steps I am announcing today will go a long way toward answering many of the questions people may have about the future of GM and Chrysler. But just in case there are still nagging doubts, let me say it as plainly as I can — 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 starting today, the United States government will stand behind your warranty.
AUTO SALES SUPPORT
Therefore, to support demand for auto sales during this period, I’m directing my team to take several steps. First, we will ensure that Recovery Act funds to purchase government cars go out as quickly as possible and work through the budget process to accelerate other federal fleet purchases as well.
Second, we will accelerate our efforts through the Treasury Department’s Consumer and Business Lending Initiative. And we are working intensively with the auto finance companies to increase the flow of credit to both consumers and dealers.
Third, the IRS is today launching a campaign to alert consumers of a new tax benefit for auto purchases made between Feb 16 and the end of this year — if you buy a car anytime this year, you may be able to deduct the cost of any sales and excise taxes. This provision could save families hundreds of dollars and lead to as many as 100,000 new car sales.
Finally, several members of Congress have proposed an even more ambitious incentive program to increase car sales while modernizing our auto fleet.
I want to work with Congress to identify parts of the Recovery Act that could be trimmed to fund such a program, and make it retroactive starting today.
DIRECTOR OF RECOVERY 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.
***
Call it the Federal Unionized Bureau of Auto Repair: FUBAR.
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FIAT would have to be utterly insane to get anywhere NEAR this government fiasco. I would run like the wind away from Chrysler. You are dealing with the devil when you take bail-out money. Just ask Wagoner.
THIS IS NOT CAPITALISM
Yeah sure…FIAT can fix it…
That explains the 200 point drop in the markets so far.
make that 233
Wonder what Rick Wagoner’s golden parachute looks like.
Does the government know that during bankruptcy all unsecured debts are wiped away? Is the US Taxpayers’ loans to GM secured? Doubt it.
Do you know what an elephant is?
A mouse built to government specs!
Does it strike anyone as scary that an incompetent, former community activist can take over one of the largest companies in the world without a single piece of legislation passing through Congress or a single court testing the validity of this whole bailout fiasco? If GM had any cajones, they’d go into Chapter 11 on their own and get this over with, so the courts could tell the unions they’re going to have to give back if they want to keep their jobs. But as long as the WH is protecting unions, and probably demanding unrealistic mileage and emissions standards for future models, this company doesn’t stand a chance. And neither do we taxpayers, who ultimately are the ones on the hook for this stupidity.
The Directorate of Auto Warranties???????
Why is this government looking more and more like a socialist government each day?
obambi is out of control PERIOD.
Rick should have told obambi yes sure I wil step down when the head of UAW does otherwise SCREW YOU COMMIE!!
now all that said wasn’t there a very specific bailout law that was passed that said autos work it out or payback taxpayers?
obambi as usual is ignoring the law.
Son as far as market it is alot more than just obambi’s latest stunt, the world told obambi to pound sand this weekend ahead of the G20.
Those who hate us and loved him got
thier wish…
Nationalization begins. We the people stand idly by. Tea Parties are great but that is not going to be anywhere enough to stop this juggernaut against our capitalist society.
Or would this be more akin to a blitzkrieg?
On a side note, one interesting thing I have discovered talking to Germans that were there in Germany at the time, Hitler was actually believed to be an idiot by many people, and as such, it was never believed that he would ever get so far as he did.
Coinky-dink?
Fiat, eh…I’m remembering the Chrysler – Mercedes union.
Surely there has to be a legal outcry from some Conservative corner somewhere?
We need to take action before it is too late, if it is not too late already. This madness has to be put to an end! Yeah, the government does such a great job of running what it already controls at the expense of we the people.
Second to last resort — Legal pleadings and cases against this infringement of our rights.
Last resort … well, it ain’t gonna be pretty!
I think the citizens of this country, the ones who still have a sense of right and wrong, need to step in somehow and put a stop to this crap. Congress is useless. They have no interest in protecting the interests of this nation. They are only protecting their own careers and bank accounts.
There has to be a way to put a stop to this. Besides an armed conflict.
This looks like asymmetrical warfare against the US, but rather than it being waged by China, it looks like its being waged by Leftists in Congress and the White House.
Oh you mean that little trip he’s taking with 500 Whitehouse staff, Marine One, the Beast and Airforce One with a gym? His own cooks? 8 staff members for Michelle?
Hope ya all enjoy your hot dogs and beans tonight.
Wartip. We seem to have similar concerns.
Let them eat cake!
There has got to be a way out of this. Doesn’t anybody in Washington have a clue? All the Repubs just keep playing nice while our country goes down the drain. Where is the outrage?!!!
So, essentially, the President is running GM. If he can have a CEO fired, then he is in charge. Is this what America is all about?? WTF?
Rick Waggoner should have been fired for leading GM down the road to ruin.
But, it bothers me that Duh One is telling them who they should and shouldn’t fire.
I like my Chevrolet truck. But, if GM is gonna let Duh One start running them, I just might have to switch my alliegence to another brand.
Oh man, just when you thought Obama couldn’t possibly dig us in any deeper…
I, for one, welcome our new fascist overlords.
/sarc
MM I think you mean Rick Waggoner.
What about Jeffery Immelt?
Nope
Like previous posts, concern here about what we-the-people can do so I was just wonderin….
Is there anything that the automotive unions would NOT like about all this government intervention?? I would think eventually some of the union heads would not like being told by other bureaucrats how to run their shop. The unions seem to be the only other entity with some power since our politicians don’t care to do anything…I suppose I’m showing desperation, eh??
The demise of GM started long before Waggoner. He was just the one caught holding the bag when it all collapsed.
(I am not saying there that he was good for GM – just that bad actions often take time to yield bad consequences)
Surely there has to be a conservative lawyer somewhere willing to take up the torch before we are forced to go to arms?
Anywhere?
Yes, I share your concerns … and despite popular belief, I do not want armed conflict. Unfortunately, it may come to that. Tell me that is not a war going on at the border with Mexico right now? The government refuses to protect our nations’s borders and actively attacks her from within. This has got to stop!
Warranties are a crock of crap anyway.
Wanna prosperous auto maker? Get government out of it (including green crap and socialist UAW contracts).
Just as with the abortion decision 36 years ago, the people were warned what would happen when out of control judges and politicians got in control. Abortion on demand? Yes. Abortion through all three trimesters? Yes. Infanticide, euthanasia? Yes. All denied by the Left and the Warren court at the time, now a reality. Amnesty is needed to cover the loss of 40MM babies, bailaouts are needed to cover for disastrous, poisonous Democrat/Neo-Marxist policies that fed the greed of Wallstreeters and secular-progressive Democrats alike. Time to pay up.
Detroit unionists: forget about ever seeing the salad days of your fathers and grandfathers. The times of your boats, motorhomes, and two Florida vacation homes are over. Get used to manufacturing the American version of a rickshaw. But feel free to continue voting Democrats and Marxists into power.
Are you better off now than 6 months ago? Ask yourseves the same question in 3 1/2 years. Elections have consequences.
Didn’t the Nazi’s try this with VW, “The People’s Car”? Don’t remember hearing about any warrenty.
Does seem like they cut their noses off ‘spite their faces.
Why are the Republican “leadership” not railing and beating on these guys with endless press conferences repudiating this administration and Congress? Tell the American people to fight back. But what do we get? Silence. Will they likewise go quietly to the gallows as well? Shame on them.
You know the old saying…”Give him an inch, and he’ll take a mile?”
Republican what????
1/20/09: the day creativity in America died. RIP.
1/30/09: the day the US auto industry died. RIP.
4/15/09: the day that Americans fight back for LIBERTY!
Way to run the market into the ground, Barry!
Perhaps the GM Board of Directors should consider sueing the federal government for this takeover.
almost a perfect post, but I meant 3/30/09: the day the US auto industry died. RIP.
Oooooh Boy… I can’t wait for Obie to fall on his sword… what’s the delay, anyway… is he using it to floss Waggoner’s cavity…?
Why isn’t a vote to impeach Osama Obama today’s Number One priority in Congress?
Even that German dictator (with whom it is considered Bad Form to compare the child-president) never had the nerve to step right up and force execs out of private industry, as I recall.
This is the kind of thuggery you expect from a Mugabe, a Chavez, a Castro.
Not only is it against everything that makes (made?) America great, but it is unconstitutional as well.
The latter is reason enough to boot this incompetent Marxist’s butt out of office today before he can cause further destruction.
Yes RedDog Elections have consequences and hopefully we have one more shot at restoring some semblance of a civil Republic.
Maybe one.
ACORN “helping” with the census
Justice gerrymandering districts
Federal Election Commission
McCain-Feingold
A New and Improved Fairness Doctrine-by any other name
The Dream Act
I am not the only one worried:
Don’t be left out in the cold.
Ayn Rand was right and scary.
If you shoot a deer in the eye or the ear, you can drop it in a single shot with a .22LR or Mag. You better hit it right though or you are going to have a heckuva time tracking it down … and we WERE required to track them down and finish the job where I grew up. We learned to shoot if nothing else, so we did NOT have to track them more than a couple of feet.
Still, cheaper than the super market … and lots more steaks
In other words, Obama wants Detroit to throw together a half-ass budget just as bad and carelessly as he just did for a $3.7T bloated government. What a incompetent moron.
President Obama, top Congressional Democrats and leaders of the UAW review plans for the new Chevrolet “Peoples Car”.
Wow…if that doesn’t make you want to buy a Toyota…
then the statement he just made after that…about how his team is going to be their partner will.
And don’t you just love the “MY team” this and “MY team” that? Good Lord…it is like watching a press conference from the Kremlin in the 80′s.
Anyone else watching the Dow drop steadily with every word leaving his lips?
When did the Celebrity Apprentice start running GM?
Michelle,
I don’t know why you are blaming Obama for this as tax payer money has been flowing to Detroit since Bush adminsitration…remember the first bailout, the TARP or you conveniently forgot?
and Malkin has become a hypocritical RINO having been raised from immigrant parents…Only in America. Its people like you who are responsible for the downward path of GOP.
Funny isn’t it? They will prootect the Unions and their ridiculous demands and pay, yet they will form lynch mobs to go after the bonuses of the private non-union worker.
Moving ever closer to a dictatorship with each stroke of his poison pen.
What can you do? Six words Mein Fuhrer…”STAY THE HELL OUT OF IT!”
Saw on Fox a while ago that Tesla is looking for 480 million if I recall correctly to start production of a more family oriented electric car.
It’s supposed to go 300 miles on a charge so that is better, the bottom line though is that they are just switching from one evil company (big oil) to electricity. Did you hear Dumbo wants to put smart meters on you house?
Anyone ever have a house where all the appliances run on electric? If you don’t think it will cost a good bit to recharge this you are clueless. How about when the batteries need to be replaced and then the disposal of them?
You never hear the green IDIOTS say anything about this, but it will happen down the line. Short sited idiots starting with the one in the presidential office.
There isn’t much doubt anymore that this is just a plan coming together to start Nationalizing big business. The union did their part by being a butt to GM , got their payback from Obama and Obamas thugs get a car company.
Somehow I don’t have much faith in a metro with a solar panel being marketed by Maxine Waters and Barney Fwank.
This is infuriating.
Step away from the crack pipe.
CalCity, electric cars will not use Dinnerjacket’s oil. Every conservative should be backing electric cars and nuke plants.
If the US Govt backs their warranty program, WTF’s going to happen if they have a huge RECALL? What if tires start exploding or engine “thermal events?” (auto-industry-speak for a FIRE.) Those costs could be HUGE? Who’s going to insure that? AIG?
Sorry, but Bush did not take over the industry. Bush did not walk into a private corporation and demand the resignation of it’s boss. Have you been listening to him this morning? It is like listening to how Volkswagen was formed. If you are not aware of how that happened, I recommend Google.
My God…there is no stopping him. NONE!
He was touting Buick as winning some award for most reliable car in North America in 2008.
And babbling about making the cleanest cars on the planet.
Does he not get it that good cars and clean cars are not one in the same… and that good cars at a competitive price are what a successful car maker actually needs before it can do anything else.
If Obama actually believes that making overpriced, taxpayer subsidized hybrids are what’s going to cause GM to be reborn as a success, he is an even bigger DOPE than I thought he already was.
… longest nightmare I’ve ever had …
The best economic stimulus package that Obama has put together is where he has done absolutely nothing but getting elected to office.
Look at how firearms sales have increased by 45% since he took office. And ammunition sales are such that demand can’t be met. Talk about a banner year.
For those industries where he is actively “doing” something, they are starting to fail.
Following that logic, he should step back and do nothing.
Yeah Cal City, Good points. Sounds like the argument for compact fluorescent bulbs. Where’s all that mercury going to go?
Idiots….
I think Ford will get dragged into this, but credit them with the good sense to know Obama would probably want his pound of flesh for accepting the bailouts.
They’re screwed because Obama will ensure the UAW at GM and Chrysler have no incentive to sign contracts with more reasonable work rules, pay and compensation, and the Ford UAW can simply strike to force Ford into Obama’s loving hands.
What will really suck, with a wife and four kids, auto companies run by the Democrats and their environut allies who hope for a Pol Pot style 8th century communal farming future for us will not build SUVs or minivans.
Maybe a version of the Red Chinese one baby policy will be implemented so we can all fit into our hybrid 55 hp 80 mpg 3 passenger cars that’ll make a Yaris look like a Hummer.
If the guvment guarantees warranties, why would GM make a better car?
Yeah, and then he won’t read it anyway. His mind is made up. That 30-day window is for show.
Electric cars-
A standard car battery now for a gasoline engine lasts about 4 years. If one is lucky.
I wonder how long a rechargeable lasts.
I bet replacing them would not be cheap.
Installed CFL bulbs 3 years ago. All are still burning.
For the same reasons that Yugo did.
Has our ACTING president even run a successful lemonade stand?
Tesla uses hundreds of laptop batteries made of lithium ion.
Pick your poison: Send trillions of dollars to DinnerJacket, or worry about recycling some batteries.
I see that. Wall Street knows that the Federal government simply cannot run business. They are incompetent. They can’t even run government correctly! And look at the Post Office! Everything they run is way over budget and totally inefficient. The auto industry will be no different. Especially when they get done imposing the green rules and letting the Unions continue to dictate wages and benefits. But then, Obama thinks he can get universal healthcare, cap and trade, and overhaul the education system, including college tuition for all, and still cut the deficit in half in 4 years. Certifiably insane, and running our country! I will be in bed with the covers over my head for the rest of the day.
Rumor has it he ran a tax deferred business supplying illicit herbal matter and herbally derived South American stimulants as a young man.
One other thing about electric cars-
does anyone see any sign Obama or his minions have any plans to utilize nuclear power?
Once Obama forces electric bills to ‘neccesarily skyrocket’ by imposing a two trillion dollar plus carbon tax aka cap and trade, recharging the masisvely expensive electric cars won’t be much cheaper than pumping gasoline.
Oh, that’s easy. Simply put them in the same landfill as the mercury-filled light bulbs. Problem solved.
This has been the left-wing loonies plan for decades. They were just waiting to get the majority and a liberal president. Just look at how fast they are moving. Their plan has been in place in the back rooms for many many years.
Go back over to the DU troll. Viable electric cars without subsidies are nothing but a pipe dream. I’m sure that is FARAWAY for you to comprehend though. I have ZERO problems with nuclear power you nut job. If the French can do it we sure as hell can!
Oil is the DOMINATE resource for powering things and will be for some time to come. Long after everyone on here has turned to dust for sure.
Add that to the phrases with absolutely no credibility “Of course I will respect you as much in the morning”, “The check’s in the mail”, and without a doubt “I’m from the government, I’m here to help.”
I love my Honda. 85k miles and never needed a single penny of work besides preventative stuff. My previous two Accords lasted over 300k miles. My husband has a Chrysler with 60k miles, has needed new wheel bearings, front brakes, and some other stuff. Detroit should be allowed to fail, like yesterday. Totally inferior products. I like to try to “buy American” as much as I can, but not when they SUCK.
See what I said in #52. I agree with you big time! The bozos that voted for the zero are going to have quite the shock no pun intended when they get their electric bills.
Oh that’s right they DON’T pay them we do. How uncaring of me!!!!
Calcity, take your meds. Take a look at the upcoming Tesla Type S. $55,000 all electric 300 miles per charge. No subsidies required. No need to pay DinnerJacket.
Well my garage is all Japan products, and no I am NOT ashamed of it by any means. My 03 Mitsubishi Lancer Evolution has 80K HARD miles and have done nothing to the motor save for routine maintenance. Same goes for my 92 Mazda Miata it has 123K and runs like the day it came off the line.
I did just get a new to me 03 Dodge Cummins turbo diesel truck though. It has a paltry 70k miles and it still feels and runs like brand new. So it appears in the truck market they know what they are doing but they make NOTHING in cars that I would buy.
Are they going to fire the head of the union too? And the head of the flight attendants? And the head of the baggage handlers?
Oh wait, wrong movie…
Again, I see no signs that nuclear power is part of the Obama plan.
I think the more likely scenario is ‘cap and trade’ is a step toward lowering our standard of living to the global mean, even if that means communal farming with human and animal powered tools.
I think Obama, like Pol Pot, is a Maoist. It would fit the ideology of his mentors, Dohrn and Ayers.
$55,000, or about double what it should cost, and the electricity generated mainly by highly taxed coal, natural gas and oil, including Venezuelan and Iranian oil.
By what right does President Bozo get to fire the President of a company. Even if the taxpayers have stock in the company I fail to see how he is the one to control it. Its a sad day when a fraud like this who has never run or even worked for a major company has this power.
The POTUS said he did not like the plan submitted by GM, also he recommended that the CEO step down… Does anyone besides myself see a problem with that sentence???
yes indeed–protect those wage and benefits packages–protect those workers right out of a job.
We have one of those hybrid cars-Toyota Prius-nice little city car. It is overly expensive but the wife likes it. Let Sammy get involved and it will be twice as overly expensive and only run in circles. Warranty issues? Build the damn things right in the first place and that is less of an issue–the Japs handed us our heads on that one.
The Prius batteries are expected to last eight years/100K miles with replacement cost between $2500 and $3000. There have been batteries with 150k miles with no measurable degradation–just keep Sammy away and let the engineers deal with it. Time SEEMS to be more important than usage. I have some hope for the electric and hybrid car IF Sammy keeps out-forlorn hope I am sure.
Now all of us face Chicago, Hawaii and Kenya to Praise He Whose Middle Name is Hussein and tell the bum to bugger out.
Step away from your bong jerk off. Is this before you buy the Elise that is going to be a donor? Must be in your clouded world. When Tesla gets done with it real world is closer to 100K. Class is out fool go back to your sandbox and try to wow the little kiddies there.
Not a LOT of people I know can afford a 55K car either. You must be one of the ballers!
For what it’s worth the Tesla is only a 2 seater also. Really a vehicle that most can use. Sarcasm on.
Are you kidding
He’s never even run or worked for a major government. I’ll acquiesce that he’s a hell of a campaigner though.
Director of Recovery for Auto Communities and Workers = DRACuWa – sucking the lifeblood from the automobile industry. Like it?
What part of “Supply and Demand” does Der Fuhrer NOT understand? Why are people not buying American cars? Because they are finding cars like Toyota and Honda last longer, have fewer repairs that need to be made and are a better buy for the money. WHy is the American Auto Industry finding it impossible to make a profit? Because they cannot produce a car that will compete pound for pound with the foreign cars as well as make on that people can afford AND pay the outrageous fees and bennies that the Aitu Workers Union DEMANDS without care for what the company can handle.
Telling these companies that they have to do something is not the same thing as knowing how to do it.
Once again the fact that this buffoon has never run any type of business other than the unlicensed neighborhood recreational pharmaceutical company he allegedly ran comes out screaming in people’s ears, yet he will again be touted as being such a godlike human with atmospheric level IQ by the Left. There will be further cries of, “Serves them right” and “Stick it to da Man, Obama” as a result of this, while in reality, we slip further and further into a Socialist dictatorship…with thunderous applause.
There was yet another moron on Fox right after his press briefing declaring proudly and with a smile that Capitalism is dead and this is the way things need and should be.
Did none of these idiots own a television or read a paper or book between 1917 and 1991?
You are witnessing communism riding a black horse clad in shiny black armor take over this country.It’s going to get a lot worst before it gets better.
Tesla Roadster is a 2 seater (hence Roadster)- $100,000.
Upcoming Tesla Type S is a 4 door luxury sedan – $50,000. Will compete with Benz, Lexus, etc.
Both cars use lithium ion batteries – not the inferior NiCad batteries like the Prius and others.
They won’t be satisfied until they’ve gotten rid of all but one car manufacturer, owned by the government, producing Zlins and Tatras.
This is downright scary.
I wonder how long before GM comes out with the Barack 6000 special edition convertible coup and the Michelle 500 luxury sedan.
Both with be fueled with unicorn farts.
We will all need an ObamaLube after this.
Drudge Headline
GM: GOVERNMENT MOTORS
cool
Pucker up people Obama is about to make the Corvette America’s answer to the Beetle–except it will only make left turns, 38.5 mph top speed, runs on peanut oil and has the Footprint of the American Chicken emblem on the grill.
For an extra $2500 you can get this emblem.
How is a former community organizer now going to run a business the size of General Motors? He wouldn’t know the difference between a carburetor and a manifold, let alone how to write a business plan! The next step? He’ll make the unions the new owners of GM!
Putting on my Glenn Beck hat. . .just thinking, with BHO and his dignataries out of the country, what could we do to take our country back. . .maybe a sit in. . .over throw. . .hmmm. This nonsense has got to stop!
Oh, no! Al Gore’s tubes are clogged!
They swaggered over getting rid of Hank Greenburg, too. How’s that working out for AIG?