GM thanks taxpayers for forced bailout.
I would have let you collapse, GM. So there’s no need to thank me for your government seizure. My no doubt naive belief in basic capitalism precludes me from fully appreciating said thanks; or, indeed, appreciating them at all. How much of MY tax money went into making this self-congratulatory paean to Italian-style fascism, by the way? Whatever it was, it was too much. Moe | Read More »
SIGTARP auto report out.
The short version? Having the government do your restructuring for you isn’t necessarily the brightest thing in the world. Particularly when there’s a variety of conflicting objectives. At least, if what you’re trying to do is actually create a better version of your company; if your goal is to use government fiat to streamline the operations of your newly government-owned automobile manufacturer it apparently works | Read More »
GM’s environmental quid pro quo.
(H/T: Instapundit) I am honestly surprised to find that there are people surprised by this. Among those clamoring for attention and payouts from Motors Liquidation Co., the company that assumed General Motors’ unwanted assets after its Chapter 11 filing, are the environmental and economic redevelopment departments of state governments. According to reports, when GM exited bankruptcy, its polluted factory and land sites were consumed by | Read More »
Show your loyalty. Sell your Prius.
(Via Glenn Reynolds) GayPatriot has the right idea here: Those who want to give people like Barney a say in the running of General Motors (and Chrysler for that matter), that is those who favor Obama’s Auto Plan, can show that they really believe this is the right way to manufacture automobiles by put their money where their mouths are. When it comes time for | Read More »
Let us compare two commercials: GM’s, and its parody.
This is the original: …annnnnd (via Ace of Spades) this is the parody. The parody’s better. Not to mention, considerably more honest. Moe Lane PS: I don’t know whether this site is Left-oriented or Right-oriented, but I’ll say this: whoever made it is not happy. And he or she is right to be not happy. Crossposted to Moe Lane.
Elections have consequences. A consistent narrative re the auto industry? Not so much.
Looks like we’re up for a bit of a power struggle in the House Energy Committee: Oversight Committee Chairman Henry Waxman has been coveting Energy Committee Chairman John Dingell’s job for, well, decades. But never before has Waxman so directly challenged Dingell – who has sat atop the committee for 28 years – so directly. It’s hard to believe Waxman would make this bid without | Read More »