Obama Issues Ultimatum to Carmakers

President Obama has laid down the law to the struggling automobile industry and informed them that it is do-or-die this time. As shown in http://www.nytimes.com/2009/03/31/business/31auto.html?_r=1&hp Sheryl Gay Stolberg she discusses Obama's perception that past "failure of leadership" is the reason for the automobile crisis at this time. Obama's administration announced a limited time offer for help with creditors, unions and other stakeholders, this is being done to fundamentally restructure, while justifying an investment of additional tax dollars. During the period they must produce plans that will bring confidence, and long-term prospects for success. Finally a President who knows how to get things in action and actually has a decent sounding plan of action. While speaking about the plan of action, President Obama tried to project optimism as he summoned images of Detroit's mighty past. Obama brings the picture into reality, but why not reduce the price of America's cars, instead of using money from the stimulus package to make more cars? Obama declares the "cars industry", "like no other, an emblam of American Spirit and wants to encourage people to buy more fuel efficient cars . Obama wants the automobile industry to shed it's old ways and remake itself. Is this a realistic idea? I don't want to eat my words, but I think with Obama anything is possible and I really hope that he knows what he is doing.