I guess when you ask for money, you should be pretty transparent on how you plan on spending it, and not just give the standard “We’ll spend it how we see fit” answer….
Obama agrees with need to view Detroit 3 reorganization plans..
President-Elect Barack Obama has been in favor of assisting Detroit automakers, but the soon-to-be Commander in Chief agrees with a Congressional demand to see concrete plans before any checks are signed. Obama’s Cheif of Staff, David Axelrod, was all over the boob tube Sunday sharing the President Elect’s thoughts on what the industry needs to do, saying a real plan to “retool and rationalize” is needed. Without a solid plan, Axelrod said there is little taxpayer dollars can do to fix the problem. House Speaker Nancy Pelosi added that she hopes the automakers have “gotten the message” about the need for a plan, which is due to Congress by December 2nd.
Axelrod also took a bit of a shot at the Detroit execs when he said that they need to “take a commercial flight” to discuss the plan on December 8th. We’d take that a step further and suggest that the three automakers get in their most fuel efficient vehicles and take a drive to our nation’s capital.
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I chuckled at reading this comment from a blogger:
“Nothing better then watching a group of people (politicians) who never ran a business, can not balance a budget nor cut spending wisely make decisions about the future of billion dollar companies. Truly a fine example of the blind leading the blind. As an American I am embarrased watching this.”
