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Did the decisions of the Obama Administration needlessly cost thousand of US jobs?

President Obama’s auto task force pressed General Motors and Chrysler to close scores of dealerships without adequately considering the jobs that would be lost or having a firm idea of the cost savings that would be achieved, an audit of the process has concluded.
The report by Neil M. Barofsky, the special inspector general for the Troubled Asset Relief Program of the Treasury Department, said both carmakers needed to shut down some underperforming dealerships. But it questioned whether the cuts should have been made so quickly, particularly during a recession. The report, released on Sunday, estimated that tens of thousands of jobs were lost as a result.

 
grlygrlz2

Asked by grlygrlz2 at 2:54 PM on Jul. 19, 2010 in Politics & Current Events

Level 39 (106,530 Credits)
This question is closed.
Answers (27)
  • Oh, grly, you know it's no big deal, since those car dealerships were owned by REPUBLICANS who supported their party!! Pretty transparent, if you ask me! LOL ;o)


    http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Furor-grows-over-partisan-car-dealer-closings-46261447.html

    LoriKeet

    Answer by LoriKeet at 3:40 PM on Jul. 19, 2010

  • So, what's 10's of thousands of jobs lost, since every administration has done something similar in the past??? How many wrongs make a right??? Hrmmmm, and here I thought America deserved better.

    Since it doesn't fall under change it must fall under hope.
    NotPanicking

    Answer by NotPanicking at 3:20 PM on Jul. 19, 2010

  • I TOTALLY disagree.
    Every single decision by the White House gives evidence that we cannot accuse them of not "adequately considering the jobs that would be lost or having a firm idea of the cost ..."

    From the way T.A.R.P. was carried out, - to GM - to Chrysler - to the Cap'n'Trade Energy Bill - to the "stimulus" package AND it's follow-up repeat legislations - to the regulations about banking and mortgages - to the Health Care Reform juggernaut - to the stance on our porous borders - to the handling of the Gulf oil spill - to the new restrictions on using natural resources on the vast square miles of "Federal" lands ...

    Where can we see anything BUT intentionally applying pressures and blockages which could do nothing other than kill jobs and put more & more people onto the gov't dole??

    It defies credibility that such a well-orchestrated program coud be the result of bumbling & stupidity.
    waldorfmom

    Answer by waldorfmom at 4:26 PM on Jul. 19, 2010

  • Where can we see anything BUT intentionally applying pressures and blockages which could do nothing other than kill jobs and put more & more people onto the gov't dole??

    It defies credibility that such a well-orchestrated program coud be the result of bumbling & stupidity.

    Waldorfmom nailed it on the head. They want to collapse the economy so they can rebuild it on a European model. You know the one who's entitlement programs are now collapsing.
    Carpy

    Answer by Carpy at 5:03 PM on Jul. 19, 2010

  • Yes, PBO's inexperience with being a manager of anything has caused a lot of bad things to snow ball out of control.
    jesse123456

    Answer by jesse123456 at 5:48 PM on Jul. 19, 2010

  • You do realize that tarp would have been all that was needed and would be but a mere drop in the bucket compared to the progressive trillion+ spending spree?
    Carpy

    Answer by Carpy at 8:22 PM on Jul. 19, 2010

  • GM & Chrysler have been bleeding out jobs for the last 8 years. Outsourcing, legacy costs, and poor business management are what cost HUNDREDS OF THOUSANDS of jobs.
    UpSheRises

    Answer by UpSheRises at 3:23 PM on Jul. 19, 2010

  • You do realize that TARP started with Bush, right? You do realize that the bailout train began with Daddy Bush, right? You realize that :10/3/08TARP is now a fact. They changed the name, though. It's now called the "Emergency Economic Stabilization Act of 2008". The House initially voted it down on September 29. Then it went to the Senate, where it was expected to pass easily.
    What was NOT expected, however, was that the Senate would add $150 billion to the bill. But add they did. I have not read the entire bill yet, but it famously included bailout money for Puerto Rican rum makers and NASCAR race track operators. I know that it included pork for my district. The Senate cleverly stuffed it full of pork so the House could justify voting for it... or on the other hand, couldn't vote against it due to the danger of being called out for voting against their constituents. It is H.R. 1424 if you want to read it.
    Youngwifey2

    Answer by Youngwifey2 at 7:16 PM on Jul. 19, 2010

  • But it is all Obama's fault...yea, right
    Youngwifey2

    Answer by Youngwifey2 at 7:20 PM on Jul. 19, 2010

  • So Wifey, you are saying Obama is pretty much the same as Bush? I've been saying that for a long time.

    So much for Change.
    mancosmomma

    Answer by mancosmomma at 7:56 PM on Jul. 19, 2010