Corporate President Obama

On Monday, President Obama recast automotive resuscitation. In sixty days, General Motors must reinvent themselves. In thirty days, Chrysler must reinvent themselves. President Obama also fired General Motors CEO Rick Wagoner. The Dow Jones Industrial Average plunged 254.16 points.

Automotive resuscitation remains necessary. Chrysler and General Motors, their sellers, suppliers, and subsidiaries employ millions. America cannot afford a collapse. With that stated, viability via unemployment is absurd. The United Auto Workers have not compromised. Where are their concessions?

Wagoner’s termination was unnecessary. The federal government should prescribe preconditions. They should receive repayment. However, the private sector shaped our nation. The federal government must not interfere.