Obama Motors

[firstdown]

Originally Posted by Schneed10

It should be noted that we're arguing hypotheticals, and grilling Obama here for something he hasn't even done yet: institute tax breaks especially for GM cars while under government ownership. It's kind of putting the cart before the horse to get on his case about this.

But, swooping in and buying up a controlling interest in GM after its management has positioned it to become one of the biggest failures in American business history? That shows highly suspect knowledge of business and investing.

I'd feel better if it were just a bailout, but buying up shares? Borders on reckless.

Obama said earlier today that tax breaks will come for all hybird type cars.