Tuesday, August 19, 2008

From the "Hey Rick" file:
Charlie Rose Interviews Rick Wagoner

Yesterday, Charlie Rose on PBS had a full hour interview with Rick Wagoner. He repeated the mantra that the oil price shock couldn't have been predicted. I find that kind of laughable. GM with other automakers were busy picking the low-hanging fruit int the rapidly growing Chinese auto market. What else did they think was going to happen with the price of gas with demand increasing, and supply staying the same?




The embedded frame below is an interview between Wagoner & Rose almost exactly a year ago.

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