The Obama GM Announcement Today

I'm somewhat pleased that Mr. Obama told GM that their plan isn't good enough that they and the unions need to make more concessions.  

I'm very concerned as should all Americans be that the President of the United States of America just ordered the firing of the CEO of General Motors, who by all measures is a fantastic executive which just happens to be currently piloting the Titanic after it has already hit the iceberg.

As much as everyone in this country truly wants the automakers to survive, I fear that the only true way of surviving is to file for bankruptcy so that they can get out of from under all of the ridiculous contracts that they have been writing for the last 60 years.

Let me make this clear, I'm not rooting for bankruptcy I just believe that ultimately that would be best.

I heard Hugh Hewitt today put like this "they are a benefits company that happens to make cars".  I think that sums it up pretty nicely.

The AIG Hearings

I was watching the hearings recently while working from home and felt so dirty just listening to the congressmen showing such phony outrage over bonuses that the administration new about for quite some time prior to the bonuses actually being paid.

It was sickening to actually listen to the congressmen issuing a verbal beating to Mr. Liddy (the current AIG CEO) for doing nothing more than being the CEO and showing up on capital hill.  So Mr. Liddy took the job to help clean up the giant mess that his predecessors had made and he's taking a salary of $1 per year, yet he's being abused?

Barney Frank should be ashamed of himself for demanding the names of all of the executives that received these bonuses and not even offering to keep them confidential.  What purpose does it serve for Barney Frank to have their names other than to allow him to publicly ridicule them and divert attention away from how negligent the current administration has been with this whole fiasco?

I was riding in the car with a friend the other day after Mr. Obama's non news, news conference and he was saying what a great response Mr. Obama had when he was asked the question about why he waited to express his outrage at the AIG bonuses when he new well in advance.  The response the Mr. Obama gave was that he likes to know what is talking about before releasing a statement.  What?  B.S.  I think it shows just how unprepared he is.  He can't say we made a mistake and these bonuses are going to be paid due to our mistake?  Instead he took the time to allow his handlers to come up with a response that expresses his phony outrage and shifts the focus from his mistake to oooh look it's their fault, they did it.

I'm tired already of listening to Mr. Obama speak and we are only 2 months in.