April 2, 2009 show

The boys expressed amazement that the President of the United States would personally fire the head of one of the largest corporations in America.  Obama just took on the responsibility for the success of GM, why would he do that?  Politically it shows “The President is in Charge”,  but realistically it makes him the person responsible for cramming down debt (into equity), breaking the unions, dumping the entire health care responsibility on the government and possible wiping out the shareholders equity by going into bankruptcy(bringing up the argument that you just saved the company but wiped out the owners,  so why bother).  Arguments have been made that this firing  and  government intervention is the end of capitalism as we know it.  Clifton felt there was no such threat, the government is now the primary lender to GM and as such has more than enough “power” to suggest that “someone must go”. In any event it was depressing so Glenn moved on to some of the things that are more interesting in the car business.  Like the smells your car makes when it is in need of repair. For instance a burnt toast smell indicates and oil leak or overheat condition.  Wow that is exciting! Nuff said.

hour 1

Download:  https://4cornerscartalk.files.wordpress.com/2009/04/4cct-4-2-09-1.mp3

hour 2

Download:  https://4cornerscartalk.files.wordpress.com/2009/04/4cct-4-2-09-2.mp3

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