Obama’s GM
We’ll never know what would have happened if the business cycle was allowed to run it’s course, instead of meddling, know-it-all, never-run-a-business liberals anointed themselves with the ability to decide what was too big to fail. In doing so, the United States government is gradually assuming a failed car company; failed due to uncompetitive union legacy costs and forcing them to make cars no one wants to buy.
If General Motors Corp files for bankruptcy, as widely expected, plans include a quick sale of the automaker’s healthy assets to a new company owned by the U.S. government, a source familiar with the situation said on Tuesday.
The source, who was not cleared to speak with the media and would not be identified, said the plan also called for the government to forgive the bulk of $15.4 billion emergency loans that the U.S. has already provided to GM.
Forgive “the bulk” with what?
That’s where we come it, right Mr. President?
May 19th, 2009 at 9:02 pm
I’m thinking of mocing to Russia, where the free market still stands aa chance.
May 19th, 2009 at 11:38 pm
“said the plan also called for the government to forgive the bulk of $15.4 billion emergency loans”
Wow, like we didn’t see that coming. Obama just basically laundered $16 billion of our dollars through the unions for a percentage back to the dem coffers.
You couldn’t give me a GM product at this point.
May 20th, 2009 at 12:49 pm
My dad and grandad used to work for GM. Every time I bought a car that wasn’t GM, they’d both give me crap about it. Each time I would ask them if they were going to give me the $4,000 to $10,000 difference for a comparable GM vehicle. Of course the answer was no.
I still have a 1991 Mazda 323 that I bought new. What would the odds be of a ‘91 GM compact (whatever was available at the time) still running? That said the ole’ 323 is on its last legs, but it is 18 years later and was rode hard and put up wet more often than not.
May 20th, 2009 at 1:40 pm
My first vehicle was a 68 Mustang Convertible. My 2nd car was a 67 Mustang fastback. After those 2 cars, I pretty much went with anything with 4 wheels. After I graduated high school, I got a 90 GMC Suburban. That car was the lemon from HELL. I never got past the “break in” millage before having to get a new one. The first one caught fire when driving to Las Vegas. The 2nd one, the engine and the rear end just inexplicably died. The 3rd one, me and a group of friends were heading to Disneyland and the transmission just dropped out, I was doing 65 on the freeway, and the tranny mounts gave out and the trans hit the road.
Managed to get the money back my parents paid for it, and about a month later picked up a 79 Bronco. That truck lasted me unitl just the end of 1994. Since then, I’ve pretty much only have bought Ford, with the exception of a Subaru SVX (Highly recommended if you can find one), and a PT Loozer (Won’t touch another mopar product).