Quote:
Originally Posted by sugarpop
Yea, he sent a message to all corporations tw, except financial ones.
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The message of government will protect you did not come from Obama. That was the previous administration. Obama simply gave them (ie GM) time to submit a plan. George Jr never demanded any plans. When GM's plan was an obvious joke (and even the BoDs, stockholders, and bond holders did not complain), then Obama set the new standard.
It has only been two months. He had to give corporate America time to prove they are fixing themselves. Time to do what George Jr never demanded. GM is the first one that had to commit to a restructuring plan (big steel, big pharma, etc never had to). Two months and no plan. Boom. The #1 reason for problems: the top man's head rolls like it was on a guillotine. Hopefully that beheading was violent enough to shake up BoDs everywhere.
Its only been two months and already he has beheaded one of this nation's worst companies. Good. Leadership finally in Washington. "Let the message go out far and wide. Economic forces will now take revenge on those who forget the purpose of a company." Hopefully.