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What is criteria for GM/Chrysler restructuring?

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BobRossi Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 11:56 AM
Original message
What is criteria for GM/Chrysler restructuring?
"(CNN) -- President Obama announced Monday that struggling automotive giants General Motors and Chrysler will be given a "limited" period of time to "restructure in a way that would justify an investment of additional taxpayer dollars."

Just what is the criteria? What goals must be outlined?
Should they use the same financial model that our federal government uses?

What is it exactly that will please Mr. Obama?
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tavalon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 11:59 AM
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1. That would be President Obama
You may not agree with him on this issue - I'm not sure I do either, but show some respect.
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SemiCharmedQuark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 12:00 PM
Response to Reply #1
2. Meh. I just call him "Obama"...
I don't think he minds.
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HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 12:00 PM
Response to Original message
3. I suspect not hemorrhaging billions is involved.
Other than that, I bet Obama's fairly open to ideas.
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NYC_SKP Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 12:03 PM
Response to Original message
4. You might wish to read the transcript.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3807140

Or visit the whitehouse.gov website.

Why you would ask DUers as if they are in President Obama's cabinet is beyond me.

Unless you were asking for links, you'll just get opinions.
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Every Man A King Donating Member (534 posts) Send PM | Profile | Ignore Mon Mar-30-09 12:03 PM
Response to Original message
5. Is this your warped way of backpedaling on your earlier hyperventilating ?
Do you expect the President to negotiate with you directly on this?
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