Comments on: Has The President Overreached With GM & Chrysler? http://www.matthewkeegan.com/2009/03/31/has-the-president-overreached-with-gm-chrysler/?utm_source=rss&utm_medium=rss&utm_campaign=has-the-president-overreached-with-gm-chrysler The random thoughts of Matt Keegan, writing style. Wed, 08 Feb 2012 16:21:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Matthew C. Keegan http://www.matthewkeegan.com/2009/03/31/has-the-president-overreached-with-gm-chrysler/comment-page-1/#comment-5907 Matthew C. Keegan Mon, 06 Apr 2009 09:53:29 +0000 http://www.matthewkeegan.com/?p=1296#comment-5907 Brian, I see a similar scenario unfolding: when the president asks certain CEOs to jump, they'll be asking "how high?" These are odd times in which we live, a crisis mentality is seizing our country, just the right atmosphere to get everyone worried and the government coming through looking like they're the "white knight" in all of this. I'm not confident with the direction all of this is going and think Ford may eventually be sucked in. Brian, I see a similar scenario unfolding: when the president asks certain CEOs to jump, they’ll be asking “how high?”

These are odd times in which we live, a crisis mentality is seizing our country, just the right atmosphere to get everyone worried and the government coming through looking like they’re the “white knight” in all of this. I’m not confident with the direction all of this is going and think Ford may eventually be sucked in.

]]> By: Brian http://www.matthewkeegan.com/2009/03/31/has-the-president-overreached-with-gm-chrysler/comment-page-1/#comment-5906 Brian Mon, 06 Apr 2009 01:16:02 +0000 http://www.matthewkeegan.com/?p=1296#comment-5906 If Ford remains alive, then maybe capitalism does have a chance to live on a little longer. I will worry when Obama starts telling CEO's that they can't resign, which I can actually see him doing. If Ford remains alive, then maybe capitalism does have a chance to live on a little longer. I will worry when Obama starts telling CEO’s that they can’t resign, which I can actually see him doing.

]]> By: Matthew C. Keegan http://www.matthewkeegan.com/2009/03/31/has-the-president-overreached-with-gm-chrysler/comment-page-1/#comment-5894 Matthew C. Keegan Fri, 03 Apr 2009 09:45:11 +0000 http://www.matthewkeegan.com/?p=1296#comment-5894 Jonny, there is a good chance that Ford will be the only one left standing. However, I believe that a scaled back GM will emerge, several years down the road. Cadillac, Buick and Chevrolet will probably survive while the remaining divisions will be shuttered or sold. Ford has an excellent opportunity to gain market share and the right product mix to stand head and shoulders above a number of companies including some of its largest competitors. They still have a lot of debt to handle, but if their products are well received, then they can whack that debt in the process. Jonny, there is a good chance that Ford will be the only one left standing. However, I believe that a scaled back GM will emerge, several years down the road. Cadillac, Buick and Chevrolet will probably survive while the remaining divisions will be shuttered or sold.

Ford has an excellent opportunity to gain market share and the right product mix to stand head and shoulders above a number of companies including some of its largest competitors. They still have a lot of debt to handle, but if their products are well received, then they can whack that debt in the process.

]]> By: Jonny http://www.matthewkeegan.com/2009/03/31/has-the-president-overreached-with-gm-chrysler/comment-page-1/#comment-5893 Jonny Fri, 03 Apr 2009 09:30:33 +0000 http://www.matthewkeegan.com/?p=1296#comment-5893 Your right about ford. Its just my prediction, but i believe ford will be the only one left. Henry Ford was the one that started the whole automobile industry years ago, and his proceeding men at charge are gonna be the ones to finish the job. Who knows, maybe an american automobile manufacturing monopoly will bring some jobs back here at home. Maybe with just one man running the show, he can do whatever the hell he wants... maybe it will put more overseas. We should see here for sure in the next few years. Just some food for thought =] Your right about ford. Its just my prediction, but i believe ford will be the only one left. Henry Ford was the one that started the whole automobile industry years ago, and his proceeding men at charge are gonna be the ones to finish the job. Who knows, maybe an american automobile manufacturing monopoly will bring some jobs back here at home. Maybe with just one man running the show, he can do whatever the hell he wants… maybe it will put more overseas. We should see here for sure in the next few years. Just some food for thought =]

]]> By: Matthew C. Keegan http://www.matthewkeegan.com/2009/03/31/has-the-president-overreached-with-gm-chrysler/comment-page-1/#comment-5888 Matthew C. Keegan Thu, 02 Apr 2009 17:14:09 +0000 http://www.matthewkeegan.com/?p=1296#comment-5888 Tesla Motors has shown some good promise, Vlad. Lots of California investors are pouring money into the company which has yielded the hot Tesla Roadster and an upcoming Tesla S sedan. The Google Boys are among the investors, so Tesla seems to be doing just fine without fed help. Tesla Motors has shown some good promise, Vlad. Lots of California investors are pouring money into the company which has yielded the hot Tesla Roadster and an upcoming Tesla S sedan. The Google Boys are among the investors, so Tesla seems to be doing just fine without fed help.

]]> By: Vlad Zablotskyy http://www.matthewkeegan.com/2009/03/31/has-the-president-overreached-with-gm-chrysler/comment-page-1/#comment-5887 Vlad Zablotskyy Thu, 02 Apr 2009 17:00:22 +0000 http://www.matthewkeegan.com/?p=1296#comment-5887 I don't like the idea when government takes over like their did in GM case period. Again my perspective may be a little blinded by still vivid memories of the communism in the former USSR. If I was Obama instead of giving billions of our dollars to people who will waste them I would give that money to company like Tesla. Just my two cents. <abbr><em>Vlad Zablotskyys last blog post..<a href="http://feedproxy.google.com/~r/GoBeyondMls/~3/1m6zU_X2BCE/" rel="nofollow">AddThis Improves Usability and Reporting</a></em></abbr> I don’t like the idea when government takes over like their did in GM case period. Again my perspective may be a little blinded by still vivid memories of the communism in the former USSR.

If I was Obama instead of giving billions of our dollars to people who will waste them I would give that money to company like Tesla. Just my two cents.

Vlad Zablotskyys last blog post..AddThis Improves Usability and Reporting

]]> By: Matthew C. Keegan http://www.matthewkeegan.com/2009/03/31/has-the-president-overreached-with-gm-chrysler/comment-page-1/#comment-5874 Matthew C. Keegan Thu, 02 Apr 2009 09:36:16 +0000 http://www.matthewkeegan.com/?p=1296#comment-5874 Hawg, what you say is true: Chrysler may not have called it bankruptcy in the early 1980s, but they went through a similar restructuring which meant that union members had to accept pay cuts, suppliers less money and other creditors were forced to restructure their debt. Once you give the federal government a toehold, watch out. Rick Wagoner lost his position months ago, he just learned this past weekend what that really meant. Ford needs to find every way possible to avoid government intervention. Fortunately, Alan Mullaly seems to be the right man at the right time to see Ford through these tough times. As for Chrysler, it looks like they never learn! Hawg, what you say is true: Chrysler may not have called it bankruptcy in the early 1980s, but they went through a similar restructuring which meant that union members had to accept pay cuts, suppliers less money and other creditors were forced to restructure their debt.

Once you give the federal government a toehold, watch out. Rick Wagoner lost his position months ago, he just learned this past weekend what that really meant.

Ford needs to find every way possible to avoid government intervention. Fortunately, Alan Mullaly seems to be the right man at the right time to see Ford through these tough times.

As for Chrysler, it looks like they never learn!

]]> By: The Hawg! http://www.matthewkeegan.com/2009/03/31/has-the-president-overreached-with-gm-chrysler/comment-page-1/#comment-5873 The Hawg! Thu, 02 Apr 2009 03:32:49 +0000 http://www.matthewkeegan.com/?p=1296#comment-5873 You are completely right -- the best thing to happen to Ford is the denial of bailout money. Once again, we've seen that there's a hefty price to be paid when a company accepts government cash (just ask Waggoner). By the way, Chrysler already effectively went through a bankruptcy during the Carter administration when the company reorganized, creditors were forced to take cents on the dollar to retire Chrysler's debts and contracts involving Chrysler were renegotiated, rescinded or plain ignored. How many (real or actual) bankruptcies does Chrysler get and when will Chrysler be back in the same old mess its in now if the feds pull the company's irons out of the fire again? You are completely right — the best thing to happen to Ford is the denial of bailout money. Once again, we’ve seen that there’s a hefty price to be paid when a company accepts government cash (just ask Waggoner).

By the way, Chrysler already effectively went through a bankruptcy during the Carter administration when the company reorganized, creditors were forced to take cents on the dollar to retire Chrysler’s debts and contracts involving Chrysler were renegotiated, rescinded or plain ignored.

How many (real or actual) bankruptcies does Chrysler get and when will Chrysler be back in the same old mess its in now if the feds pull the company’s irons out of the fire again?

]]> By: MattK http://www.matthewkeegan.com/2009/03/31/has-the-president-overreached-with-gm-chrysler/comment-page-1/#comment-5868 MattK Wed, 01 Apr 2009 09:32:39 +0000 http://www.matthewkeegan.com/?p=1296#comment-5868 Larry, you have raised a number of good points especially regarding Obama's green push with the auto industry and his ouster of Rick Wagoner, which I believe is more symbolic than anything. Taken by itself, Obama's pronouncements have merit -- GM and Chrysler should go through bankruptcy if they cannot restructure themselves (or in Chrysler's case forge an alliance with Fiat). But, when you look at what the president has been doing since he took office and what his plans are for the future, can America afford the greater costs associated with a wholesale restructuring of our economy? I think not. Larry, you have raised a number of good points especially regarding Obama’s green push with the auto industry and his ouster of Rick Wagoner, which I believe is more symbolic than anything.

Taken by itself, Obama’s pronouncements have merit — GM and Chrysler should go through bankruptcy if they cannot restructure themselves (or in Chrysler’s case forge an alliance with Fiat). But, when you look at what the president has been doing since he took office and what his plans are for the future, can America afford the greater costs associated with a wholesale restructuring of our economy? I think not.

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