the key thing here is
We cannot, we must not, and we will not let our auto industry simply vanish. But we also cannot continue to excuse poor decisions. And we cannot make the survival of our auto industry dependent on an unending flow of tax dollars.
nor can it be the unending flow of regulation. of course that comment will be seen as a need to run for senate.
But after careful analysis, we have determined that neither goes far enough to warrant the substantial new investments that these companies are requesting.
facism.
What we are asking is difficult. It will require hard choices by companies. by president obama.
It will require unions and workers who have already made painful concessions to make even more. and the government as well, but they won't.
And above all, have they created a credible model for how to not only survive, but succeed in this competitive global market? where there is less regulation.
the international car company Fiat, where the current management team has executed an impressive turnaround. Fiat is prepared to transfer its cutting-edge technology to Chrysler and, after working closely with my team, has committed to building new fuel-efficient cars and engines here in America. fiat doesn't have any cutting edge technology. they have lighter cars with less cylinders.
I am committed to doing all I can to see if a deal can be struck in a way that upholds the interests of American taxpayers. creating more democratic voters.
That may mean using our bankruptcy code as a mechanism to help them restructure quickly and emerge stronger. should have happened in the first place to get out from under the union agreements.
even as workers are staying on the job building cars that are being sold. there is already too much capacity. the companies need to quit paying people not to work and then have the government back that cost up.
It is my hope that the steps I am announcing today will go a long way towards answering many of the questions people may have about the future of GM and Chrysler. hope.
if you buy a car anytime this year, you may be able to deduct the cost of any sales and excise taxes. may be able to?
I am designating a new Director of Recovery for Auto Communities and Workers to cut through red tape and ensure that the full resources of our federal government are leveraged to assist the workers, communities, and regions that rely on our auto industry. great, another government bureaucracy .
Edward Montgomery, a former Deputy Labour Secretary, has agreed to serve in this role. Together with Labour Secretary Solis and my Auto Task Force, Ed will help provide support to auto workers and their families, and open up opportunity in manufacturing communities. Michigan, Ohio, Indiana, and every other state that relies on the auto industry will have a strong advocate in Ed.
great, i bet ed's phone will be busy. the best thing obama could do is get rid of a lot of regulations starting with bumper regulations, front end license plates or making ones that aren't as tall, getting rid of fleet regulations and a whole host of others. but the government is not interested in that because all that creates jobs that generates democratic voters and discourages small business, something the government hates with a passion because it decentralizes control, something the founders tried to preserve with the constitution. but alas, i must run for senate because disagreeing is bad unless you are from the left.
