wbachmann

General Motors' CEO Gets the Axe

I have no clue as to Mr. Wagoner's competence as leader of a gigantic enterprise. However, given our current administration's preference on green issues, our long standing neglect in not adopting a realistic energy policy for the nation, inspite of clear warnings over 35 years ago, the consumer being enamored with SUV's and trucks - what is a man to do. The automakers current financial mess has its origins in caving in to union demands over decades of relative prosperity and our current economic collapse, reducing vehicle sales to drastic levels. Mr. Obama's path towards abandoning the industry will come to haunt him.