Chamber of Commerce comments on GM bankruptcy

[Enrique]

I think it's fair to say, COC wants GM to fail.

http://sev.prnewswire.com/auto/20090601/DC2518001062009-1.html

WASHINGTON, June 1 /PRNewswire-USNewswire/ -- Thomas J. Donohue, President and CEO of the U.S. Chamber of Commerce, today issued the following statement on the Obama administration's plan to restructure General Motors and the impending ruling on Chrysler:

"The future success of General Motors and Chrysler ultimately depends on whether they can profitably design and build cars that Americans and other consumers actually want to buy.

"Our biggest concern with the restructuring plan announced today is the potential for governments and unions to influence production, product, workforce, and management decisions in ways that could jeopardize the automakers' chances for survival, put politics and special interests above sound business strategy, and disrupt our nation's trading relationships across the world.

"For example, the UAW has said that it pressured GM to change where the company plans to produce a new line of smaller cars. And as part of the GM restructuring, the administration has reportedly closed the U.S. market to Opel and blocked Opel's forays into China so it could not compete with GM -- clear examples of market manipulation and protectionism.

"If members of Congress, along with government officials from the United States to Germany to Canada, are allowed undue influence over management's decisions, then you can write this down: These companies will not return to profitability and their survival will be seriously challenged. The global talent that exists in the automotive sector must be allowed to do its job and be paid on a competitive basis. Management must be permitted to make tough decisions in a competitive global market without political interference.

"So going forward, the U.S. Chamber will carefully monitor the activities of the new GM and Chrysler boards, and we will expose and fight any counterproductive influence by government, unions, or politicians over decisions that should be left to management. And we will continually insist that government reduce and eliminate its ownership stake as soon as possible."

[leftstreet]

1. "global market" "competitive basis" blah, blah, blah

Assholes

[PM Martin]

Looking to reinstitute slavery.

[icnorth]

2. Run that by me again will you Willis?...

...the potential for governments and unions to influence production, product, workforce, and management decisions in ways that could jeopardize the automakers' chances for survival

[underpants]

4. I think we need to all realize that if Gore had been allowed to take office

the US would be booming on green technology and that would have included incentives to make better, more efficient cars and "Detroit" would not be anywhere near the position they are in now

[Enrique]

9. the Chamber's going to be keeping an eye on things

make sure the gubm't doesn't screw everything up.

[underpants]

3. Yeah *pfft* who are those guys to tell GM and Chrysler management what to do

:sarcasm:

[Thrill]

5. They never miss an opportunity to criticize hard working Americans

.

[BR_Parkway]

6. Seems like Union workers would be consumers as well - sure would

be stupid to actually build cars that consumers want?

I can't imagine anybody making less "sound business strategy" than the idiots who drove the biggest company in the world into bankruptcy within 10 years - hell my dog could do better

[icnorth]

7. Thomas J. Donohue

a mental megalith in a box of rocks. :banghead:

[angstlessk]

8. GM went bankrupt BECAUSE of management, not because of union and govenment interefence

what a wacko!!!