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August 16, 2011
Obama to carmakers: Stop making so many products that people want!
I don't truck with those who call Obama a commie, but by saying completely off the wall, totally ignorant stuff like this, he reminds me of factory managers in the old Soviet Union who would deliberately slow production on products that were popular because it created too much paperwork for them. The Hill: The country's automakers should ditch their focus on SUVs and trucks in favor of smaller, more fuel-efficient vehicles, President Obama said Monday. "You can't just make money on SUVs and trucks," Obama said during a town hall forum in Cannon Falls, Minn. "There is a place for SUVs and trucks, but as gas prices keep on going up, you have got to understand the market. People are going to try to save money." Obama has positioned the revival and reshaping of the auto industry as a major part of his administration's push to improve the economy and create jobs. A man with zero business experience is telling carmakers that they've got to "understand the market?" The closest Obama ever...(Read Full Post)