Mr. Goodwrench

First he told America he was God, when during a pre-election debate with Hillary Clinton, then candidate Obama stated, "He will tell the American people how he will control the weather."

Only God or Mother Nature can control the weather. Those were his words. Now he wants to be Mr. Goodwrench and control the auto industry. When I heard President Obama speak on March 30, I was shocked to hear him tell all Americans that he was guaranteeing the service contracts of any vehicle that has been purchased by GM and Chrysler. He did not include the Ford Motor Company. As I thought about this, I was wondering what government motor pool I would bring my vehicle to for a needed oil change.

The President was quick to fire Rick Wagoner the CEO and 31-year veteran of General Motors and will have the government run GM. It will probably be run by a committee of politicians who have never even run a lemonade stand. If they sent Geithner out to buy more lemons he would probably come back with plums. That is how much faith I have in him.

During Congressional hearings when Congresswoman Michele Bachmann (R-MN) asked him, "Would you categorically renounce China and Russia's suggestion to move to a global currency and replace the U.S. dollar, he said yes!" The very next day at a meeting of the Council on Foreign Relations, when asked the same question he said, "We are quite open to that suggestion." The man changes his mind three times before the words ever come out of his mouth. I don't know what to believe when he speaks. Click here to veiw video.

Part of the provisions of GM receiving any more bailout money is the cessation of building what the President has called environmentally unfriendly vehicles. In the case of GM it amounts to eleven models that are profitable. Including the Hummer, which is built for the military.

Chrysler was told to be bought out by the Italian auto maker Fiat. Fiat has publically stated that they will not spend any money to hold up Chrysler; they have their own problems. Moody's since that statement has reduced Fiat's bonds to "Junk Status."

The first rule in business is giving the customer what they want. "Build it and they will come."

Here is what I will do, and I am proposing that you follow my lead. I will not purchase any products from companies who accept "Bailout" money. If my intention is to purchase an American manufactured vehicle, I will turn to Ford.

If GE runs into trouble, and Jeffery Immelt decides he needs bailout funds, my next dishwasher will not be manufactured by GE. Actually because of Immelt's continued business dealings with Iran, I refuse to purchase any of their products. So it wouldn't matter if I refuse to be a customer of theirs.

To listen to Obama and hear him tell us that these companies are too big to fail is an outright misinterpretation of the facts. They said that Pan American Airlines and Eastern Airlines were too big to fail. They said that Edsel, Studebaker, Enron and MCI were too big to fail. And, then came Lehman Brothers. The only thing that seems too big to fail, as far as I am concerned is Obama's ego. He better get his head out of the clouds and come back to earth.

Actually how about coming back to America. He has spent the longest amount of time at any economic summit than any U.S. President before him. Even the European newspapers and media were asking when he is going home.

And, that is my opinion.

Michael Solomon

Author of "Where Did My America Go?"

To read back issues of Michael Solomon's newsletters.

_________________________

- Forward this newsletters to your friends. -

Buy the book today, "Where Did My America Go?"

Contact

Appearances

Visit BLOG to post comments

E-mail: michael@michaelsolomonbooks.com

Web site: http://www.michaelsolomonbooks.com