2-16-09 Apex, NC... It is EMERGENCY TIME... The quake you are feeling is at least a 3.0 on the Richter Scale. The rumbling is from Walter Chrysler, Ransom Olds, Henry Leland, Alfred P. Sloan, and others TURNING OVER in their graves.
President Obama decided that a committee was better than a Czar, so reporting for duty is the Treasury Secretary Tim Geither and Larry Summers, Clinton's former Treasury Secretary. Great, two outstanding car guys... I mean czar guys. Since yesterday, I have more automotive experience than those two; and at least one of them can't count and thinks the IRS stands for incredibly ridiculous stats...
Why not put a CAR GUY in charge of the Big Two assessment? How about Lee Iacocca? How about Gary Convis, retired Toyota Exec? This is like a plumber giving me a colonoscopy. This is a procedure that simply needs experts... This is serious stuff.
If GM goes bankrupt, virtually every single point dealer is history; retirees suffer. Suppliers add to the debt they already have, and US vendors are toast...
With the stimulus package absolutely flying into law without us taxpayers seeing it, just what is our business in for?
We need to e-mail the President immediately. Things are just happening too fast. That is when mistakes happen...
In the words of Alfred P.Sloan... "If we are all in agreement on the decision - then I propose we postpone further discussion of this matter until our next meeting to give ourselves time to develop disagreement and perhaps gain some understanding of what the decision is all about."
I hope the vitality plan for GM and Chrysler is well thought out. Not like the stimulus package...
Happy selling!
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