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Obama and Giethner finally Say NO to GM, Chrysler; Texas is feeling the heat

2,054 views · Published 30 March 2009 · 6:02 · Indexed 19 October 2026

Channel: DEMCAD · 2009 · News & Politics

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Obama denies bailout funds for automakers
•The White House says neither GM nor Chrysler submitted acceptable plans to receive more bailout money
•The Obama Administration is telling GM and Chrysler to remake themselves entirely 
•Or else they will not receive any money.
•*Heres my take on GM and Chrysler: Theyre insolvent. There is no plan. 
http://www.msnbc.msn.com/id/29944834/

GM CEO resigns 
•The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed
•Apparently, Obama was not satisfied with Wagoners performance
•GM originally received $26 billion in bailout
•Last month, GM asked for $16.6 billion more
http://www.youtube.com/watch?v=BByVaixSfVk&feature=channel_page

Obama Town Hall Questioners Were Campaign Backers
•Obamas town hall meeting on Thursday was packed with campaign supporters.
•The questioners included: 
•a member of the pro-Obama Service Employees International Union, 
•a member of the Democratic National Committee who campaigned for Obama
•a former Democratic candidate for Virginia state delegate who endorsed Obama last fall 
•a Virginia businessman who was a donor to Obama's campaign in 2008.
•* softball questions, deception, who does this remind you of?
http://voices.washingtonpost.com/44/2009/03/27/obama_town_hall_questioners_we.html?hpid=topnews

Texas is feeling the heat
Employment in the state of Texas fell by 46,100 jobs in February, according to a new report from the Texas Workforce Commission
http://www.bizjournals.com/sanantonio/stories/2009/03/23/daily42.html

Brawn GP will cut 270 of its 700 workers
http://www.usatoday.com/sports/motor/2009-03-30-555932129_x.htm

Australias second largest bank, BankWest will Cut About 400 Jobs
http://www.bloomberg.com/apps/news?pid=20601080&sid=a2unsZ63wWhc&refer=asia

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