Stupid Business Tricks
CBSs Declan McCullagh writes, ‘The Obama administration appears to have reminded Chrysler about the cost of accepting government bailouts: with federal funds comes federal control.’ What it means is ‘We (the government) own you’.
So, it’s official, Chrysler and GM are nationalized. We’ve found out Obama can fire CEOs. Now he’s telling Chrysler how much they can spend on advertising. And it’s bad enough he’s doing this, but the worst thing you can do in business is cut advertising. You don’t get customers if you don’t advertise.
Again, it boils down to two things. 1) He doesn’t know what he’s doing, or b) he’s doing it intentionally. Read the last two posts for reasons why he would do this intentionally.