GM Exec: Reporting GM’s Failures Hurts… Republicans?
In an odd turn of events, former GM Vice Chairman Bob Lutz thinks that anyone that criticizes GM is not only “mis-informed” but insists that those “foaming ideologues” that criticize the car giant are “damaging the Republican Party.” It is interesting that an executive in the company derided as “Government Motors” is trying to direct attention away from his minders in the Obama administration and | Read More »
Geithner’s Spin: Auto Bailout A Success
At the Detroit Economic Club today, Treasury Secretary Timothy Geithner tried to claim the auto bailout is a success. It certainly doesn’t seem like a success for the taxpayers. GM stock is about $30 today, and unless it gets up to $54, the taxpayers lose money on the deal. Why would it go up? You want to fight high gas prices by buying a Volt? | Read More »
Obama Lackeys Running GM Now Want US to Pay Out for Rebates
A few days ago I wrote about how the Obama administration has stuffed the upper echelons of management at General Motors with government lackeys who have no experience in the auto industry and how Obama’s government will lead GM to ultimate failure. Today we see yet one more step toward GMs ruin with government plans for subsidies that the taxpayers will end up paying for. | Read More »