Drew Dowdell

I'm not arguing the merits/demerits of any of those policies. I'm just pointing out that we'd need to do all of my list in order for things to be equal in terms of global trade. All of those things are what the asians do.

To make American companies competative with the Asian's we'd have to: 1. Provide national healthcare. 2. Provide extremely low interest loans to the Big Three. 3. Provide massive grants to new technologies. 4. Instill a sense of national pride towards American designed/manufactured products. 5. Instill a WWII like loathing of all things imported. 6. Set tariffs equal to those imposed on our car makers. 7. Heavily tax all income headed towards the mother country. 8. Set up a testing/approval/licensing procedure for importing products such as it would make the I.R.S. look like a young, flexible, efficient start up company. 9. Require that a certain (high) percentage of products intended of U.S. consumption be produced in the U.S.

GM apparently was fine with the terms of the loan and Wags had to go.

If you go to a bank for a loan and you have questionable finances... you'd be surprised what a bank can demand in exchange for a loan.

Re: Cadillac - It was their distributor who is out of cash. Saab, Hummer, Saturn, Opel, Vauxhaul should ALL go before Pontiac does.

almost 2 hours later and the market is essentially flat

Because GM came to them for money....

Just be careful about causality. The stocks are going to drop. Period.

You're under the assumption that Wall Street reacts rationally to things? Really? Want to see the cause of that last rally? Here... let me blow that up for you. A Chapter 11 was necessary in October and it's necessary now.

Gettlefinger is already going. Wagoner needed to go.

Hyperbole. The Dow is down due to the fundamentals sucking and the fact that last week's "rally" was false. We're heading to 6500 with or without GM. Obama has every right to say "If you want the loan, you have to make these changes", "Your restructuring plan was terrible and counts on unicorns replacing UAW workers. No loan for you."

Mostly unrelated events. The Dow is going to go to 6500 and it's going to take the rest of the world with it. The "rally" last week was a false one brought on by irrational reactions to housing news.

Opel we hope. There is no point for them anymore. Chevy is growing in Europe. Cut Opel, Saab, and Vauxhall to free up marketing dollars/euros for Chevy and Cadillac.

If you lie on your mortgage application and get caught, you get denied for a loan also. The current GM COO looks to be first in line.

Can you say full Sigma/Zeta/Alpha/Kappa line up? Yes... I knew you could.

There's almost enough there to build a Neon

I just got off the phone with President Obama. Looks like I'm going to be the new CEO of General Motors since he's so impressed with how I turned around C&G's finances.

If you don't understand the definition of partisan hackery. Stay out of the thread.

Happy Birthday lil helper!

Ok guys, time to take off your tinfoil hats. Looks like it's going to be GM COO Fritz Henderson

You think Obama has the time to run GM and the rest of the country? Again, you're so far down the slippery slope your pictures are already available at the concession stand near the exit. Worst case scenario here is that Obama pointed out the bleedin obvious.

Would you just calm down? Wagoneer had to go. It became painfully obvious over the past 12 months that his time as CEO needed to end. The shareholders were obviously not voting in their financial best interest when they kept him in charge. You're not going to see Barney Frank or Chris Dodd at the helm... so just calm down about it.

Obviously his resignation was required.... period. Not for political reasons.... but for 8 years of GM stumbling. The political comments will stop now. Iaccoca basically volunteered to do it.

GM CEO Wagoner to Step Down DETROIT — The chairman and chief executive of General Motors, Rick Wagoner is resigning, just as President Obama prepares to unveil his rescue plans on Monday forG.M. and the ailing American auto industry, a person close to the decision said Sunday. Then unexpected move by Mr. Wagoner, who has been at the helm of G.M. for eight years, was not confirmed by the company. But a statement about Mr. Wagoner’s future will be issued after the president’s address. (via New York Times) Our take here.