Monday, December 8, 2008

Obama: "It's Going To Get Worse"

President-elect Barack Obama appeared yesterday on "Meet The Press" and made a couple of statements about our economic situation that were about as honest as a leader can be in tough times. Obama stated the obvious in that the economy will probably get worse before it gets better, and issued a warning to the executives of "the big three" automakers by stating "If this management team that's currently in place doesn't understand the urgency of the situation and is not willing to make the tough choices and adapt to these new circumstances, then they should go."

The executives of "the big three" will probably not be running those companies if they're able to rebound leaner and meaner. If the government is loaning billions of dollars to a company it should have a say in who runs it. Thanks to the New York Post for the related article.

No comments: