April 10, 2009
Mr. Goodwrench
Vol. 4 Issue 4
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 even
come out of his mouth I don’t know what to
believe when he speaks. Click here to view
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.
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
If you want to
help restore sanity to America, join the
Flag Day campaign.
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