Monday, March 30, 2009

Obama attempts to drive the auto industry

Hey President Obama, BACK IT UP.
President Barack Obama was due to unveil Monday his plan for troubled US automobile companies as he stepped up pressure on the industry by forcing General Motors head Rick Wagoner to resign.

GM confirmed Wagoner's immediate resignation early Monday and said he would be replaced by Fritz Henderson, the company's current president and chief operating officer.

In a message posted by the company's website, Wagoner said that on Friday he was in Washington for a meeting with Obama administration officials, and they requested that he "step aside" as CEO.

A senior administration official confirmed the account to AFP Sunday.
I say, let them head to bankruptcy court.


Anonymous said...

hahaha...BACK IT UP!

Ju said...

Hopeless: Fights are breaking out over Michigan in response to layoffs spurned by Obama's choice for bankruptcy above all other options. Watch video: