Rick Wagoner Barak Obama GM Losses:

Does Bailout Money End Up Killing GM?

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It’s been a busy weekend. President Obama is preparing his speech to the country about the future needs of automakers. And, before the dawn breaks on Monday, it’s already being reported that GM boss Rick Wagoner is done. According to sources within GM and quoted by mainstream media, CEO Rick Wagoner will step down at the request of the Obama administration. Does Wagner leaving improve GM’s chances for survival, or was the self-inflicted damage back in November, combined with taking money from the Feds the ultimate undoing of the nation’s largest automaker?


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