Notwithstanding Mike’s post below – which I endorse – it’s time to boycott GM.
My fellow Americans, I come here to bury GM, not to praise it. For now is the time to consign GM to the ash heap of history, to which it so richly belongs, if only to highight the idiocy of this campaign.
“Let’s be completely honest: No company wants to go through this. But we’re not witnessing the end of the American car; we’re witnessing the rebirth of the American car. General Motors needs to start over in order to get stronger. There was a time when eight different brands made sense. Not anymore. There was a time when our cost structure could compete worldwide. Not anymore. Reinvention is the only way we can fix this, and fix it we will.”
The rebirth of the American car?!?!?!?! That’s your spin?
Fix it you will? Who’s running this mess? Yoda?
Question: If it’s such a problem, why couldn’t you have fixed it say, 10 years ago, you know, before we were told we had to pump $50B worth of life support into you?
So yes, by all means, let’s be completely honest – we’re never getting our money back. It won’t matter how many Americans think it their patriotic duty to “buy Government Motors,” that money is not coming back. So it does not matter if you buy a GM car now or ever, because you will never see a payoff. Your grandchildren, will also fail to see a payoff – even as they are paying off the
So get over the idea of your patriotism paying off in a stronger GM and a stronger country. Not. Gonna. Happen. Not this year, not next year, not ever. Did you think the Chrysler bail out money was coming back too? Hell, we shoveled them truckloads of money just so they could go bankrupt 5 months later. No one, not even that brain trust the White House has running this mess, could have seen that coming, right?
The woman at the McDonald’s drive-thru window in my neighborhood saw that one coming. But the Obama brain trust couldn’t. Heckofajob Timmy.
Yes, yes, the country is in the very best of hands. Because 31 year-olds have the wisdom of Solomon.
So think for a moment of the idiocy of you buying a GM car, so you can get your money back. Does that make sense to you? Now imagine 2.2 million Americans having the exact same idea ($50B divided by an average car price of 22,500).
Now ask yourself. Will 2.2 million American families buy a car from a currently bakrupt company which has proven itself historically unable to manage itself? Oh, and which has promised to continue the track record by ensuring the union which is responsible for 50% of this mess never has to make any real sacrifice? Will they do that even though there are better alternatives in German, Japanese and non-UAW built cars?
Sure, sure they will!
Just a quick reminder in case you missed it:
The new agreement simplifies some work rules and job descriptions but makes no reductions in hourly pay, pensions or health care for active workers. The agreement must also be renegotiated in two years by an Obama Administration running for re-election and weighing the need to keep Big Labor happy against the risks to taxpayer-shareholders. Who do you think wins that White House debate?
The GM bail out was a gift for the unions. A gift which Dear Leader will expect to be repaid during the 2010 midterms and the 2012 general election. In short, bribery, pure and simple.
And you paid for it. Suckers.
(h/t Real Clear Politics)