DailyLimerick.com

Big 3 Minus 1

March 30, 2009

The Associated Press has announced that General Motors Chairman and CEO, Rick Wagoner, will step down from his position immediately.  It appears that this was a direct order from the White House as a concession for additional bailout funds.  It is expected today that Obama will announce additional plans to restructure GM and Chrysler.  Senator Christopher Dodd (D-Conn) was quoted as saying that the execs of the Big 3 have their “head in the sand”.

GM’s Wagoner stepped down at Obama’s command
To get more bailout funds, he found himself canned
What will the future hold?
Can they create a new mold?
Or will the Big 3 execs keep their “heads-in-the-sand?”