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01:20 PM on 06/01/2009
Complete circle. Many whiz kids were involved in the start of what became undifferentiated too many brands and too many units of GM. Stagnation, rear view mirror innovation and the belief that marketing could solve all the issues of quality. The same old management are still problematic.
01:20 PM on 06/01/2009
The people I feel sorry for are the line worker for General Motors management brought all this on by listening to Big Oil and Bush, Cheney telling them if we invade Iraq we will be a wash in cheap oil. The cost of the war is what sunk our boat. That spending went to only a few and did very little to help the United States economy as a whole.We made very little in the United States even in war materials we have ship out the manufacture of part for the war materials we only assemble a few in the United States. The housing bubble has keep everything afloat for several years. The companies who did make money off the war payed no taxes on their income because of off shore based head quarters.
01:18 PM on 06/01/2009
About a year ago I went shopping for a new car. My final two choices were a Mercury Milan and a Chevrolet Malibu. I ended up buying the Milan. Glad I did. The value of any GM car took a big hit today.
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adey
01:20 PM on 06/01/2009
Since it is and always has been all about you, all I can say is, "WHEW!"
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bubbuh
01:22 PM on 06/01/2009
chuckle B - D
01:25 PM on 06/01/2009
No kidding.
01:22 PM on 06/01/2009
Just keep buying them, we have a lot of people who need your help.
01:18 PM on 06/01/2009
andyboy I'm a Fan of andyboy permalink
Calling the decades long behaviour of these giant dinosaur auto makers a Bush legacy is ridiculous.

=========

Actually, it isn't.

If Bush had been serious about his calls for an end to America's addiction to oil, hybrids and electric cars would be the norm instead of the status quo that's helped lead to this point.

A dearth of leadership in the White House for almost a decade helped reinforce the anything-goes, who-cares-about-the-future management style in the auto, oil and financial sectors.
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PerfectSense
Think - before Progressives outlaw thinking.
01:25 PM on 06/01/2009
Hybrids and electrics are a very small niche market. Gas costs about twice as much in Europe. Ditto for Japan. Last year, gas was nearly $10 per gallon, but Europeans were still buying gasoline powered cars. Why, because hybrids and electric cars are small, costly and dangerous.
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judyc
One love, one heart...
01:29 PM on 06/01/2009
They weren't and aren't buying gas guzzling mon ster SUV's.

Try again.
01:36 PM on 06/01/2009
wow... i didn't think it was possible to completely miss the point, but you've done an admirable job!
01:18 PM on 06/01/2009
Oh good. Another person with no experience put in charge of our future. Good to see BHO hiring clueless people just like him.
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01:23 PM on 06/01/2009
Your future is with that dr-ug ad-dict-ed college dropout who is now the intellectual force of Republicans.
You can carry his bags to the Do-mi-can Republic on his next trip.
01:25 PM on 06/01/2009
Yeah, too bad McPalin isn't steering us into some more icebergs instead.
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kat1987
PoliticalJunkie
01:16 PM on 06/01/2009
The wingnuts are doing what they know to do best, and that's to spew hate and lies. They must live a miserable life,in their little world.
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KO4Pres
I have never faked a sarcasm...
01:16 PM on 06/01/2009
D!ck Alert....................MSNBC
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CostaMesaJoe
01:19 PM on 06/01/2009
If so, Rush will playing with "his" while lauding D!ck on the air......
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CostaMesaJoe
01:19 PM on 06/01/2009
If so, Ru.sh will playing with "his" while lauding D!ck on the air......
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CostaMesaJoe
01:20 PM on 06/01/2009
If so, Ru.sh will be playing with "his" while lauding D!ck on the air......
01:15 PM on 06/01/2009
andyboy I'm a Fan of andyboy permalink
MightyT,

No additional flood of job losses, foreclosures & dependent businesses going under? Says who? They are going to close a large fraction of their plants. Where will those people be working at? Who will be paying their mortgage? The "restructuring" involves cutting employees and closing plants does it not? Oh and consessions as well. With nothing even close to a guarantee of any kind of success.

====================

Yes, but notice I didn't say there would be NO job losses.

So, yes, there will be job losses - just not the flood of them there would be if the Obama admin didn't force this restructuring - and the chances of recovery would be negligible as well, without a forced rethinking of GM's business plan.

This plan is far better than the alternative.
01:13 PM on 06/01/2009
Now, all we need is for the government to take over the oil companies and WalM@rt and our country will be strong for centuries to come.
01:16 PM on 06/01/2009
Now you're talkin'!
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ObamAtomic
01:12 PM on 06/01/2009
GM failed on their on terms,corporate greed,quality,price and competition.
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Ohioan730
01:24 PM on 06/01/2009
Pretty much. I have a Nissan and a Toyota truck. I hate to see GM suffer but their cars have suc ked for many decades.
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ObamAtomic
02:25 PM on 06/01/2009
Indeed,they never recognized their cars sux,suxeds for decades.
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ObamAtomic
02:23 PM on 06/01/2009
*own
01:12 PM on 06/01/2009
When the government was bailing out all the big Wall Street Banks, they said they didn't want to run them, as the business was too complicated and should be left to the people with the background and skills to do that. Never mind that they were the ones that caused the problems in the first place.

Same thing with GM and Chrysler. "We're not car guys. We don't want to run these companies. Let's leave them in the hands of the folks with that experience." Even when they replaced CEO's they replaced them with other bank and car veterans.

Now we have the 31 year old wunderkind, that all the kneejerk Obama loyalists can't wait to get on board with. And why? Well, because .........because! Because we don't think--we accept. Because we don't question--we believe.

This will just be one of the largest industrial reorganizations in the history of the world, but it's ok that the guy picked to run it has absolutely zero big smoke stack industry experience.

Huh?

ButI know that if any of the alternate universe posters who flock in mutual support to this site were to need brain surgery, they wouldn't interview economists or carpenters for the job. Yet you've already fallen for the big buildup on this guy cuz the NYtimes did such a splashy piece on hi--and they've always been so truthful and accurate. What good judgment prevails in the land of ignorance and bliss.
01:15 PM on 06/01/2009
Smoke stacks good. Gotcha.
11:45 AM on 06/02/2009
You wanna keep driving a car, riding a bus or a bike, or taking the train, you better have somebody making steel and assembling those heavy industry products. And somebody running those businesses with more than a "almost" degree in some field not even closely related.
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KO4Pres
I have never faked a sarcasm...
01:15 PM on 06/01/2009
Too long. *yawn*
01:20 PM on 06/01/2009
ADD?
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01:12 PM on 06/01/2009
Why shouldn't Democrats put Deese, a highly intelligent 31 year old, in charge of dismantling GM.

Republicans put Dubya, a none-too-bright 8 year old in charge of dismantling America.
01:17 PM on 06/01/2009
When you put it that way, he may have been very gifted after all...
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pfrogger
01:20 PM on 06/01/2009
lol
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Skyhawk
When I write one it'll appear here.
01:12 PM on 06/01/2009
Young minds, fresh ideas. It's not as if the more seasoned managers did a fat lot of good.
01:11 PM on 06/01/2009
A few more of "wiz-kids" needed for coming bankruptcy of whole us economy.
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Ohioan730
01:10 PM on 06/01/2009
"31 year old whiz kid"

I love politics. I'm a "kid" at 35. Where else can you be a "kid" at 30 something? :D
01:12 PM on 06/01/2009
yet a 14 year oldShooter is tried as an adult
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adey
01:22 PM on 06/01/2009
Boggles my mind.
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SCG
01:14 PM on 06/01/2009
Looks like he can almost grow a beard? Anyway I'm sure he's had experience with GM products if only passing them on the road in his German import.