Blue Horseshoe Would Love Government Motors
“On the whole, we made tremendous progress last year,” CEO and Chairman Dan Akerson said Monday in an e-mail message to employees announcing the payments. “With our collective teamwork, this can be just the beginning.” – (HT:Brietbart.com) Last year, according to the statistics, GM made $4.2B in profit. Then, there are the things these statistics just don’t take into account. GM was given, on very | Read More »
Welcome To the Grand Illusion
Welcome to the Grand illusion Come on in and see what’s happening Pay the price, get your tickets for the show – (“The Grand Illusion” – Styx) The party is set to begin. Fanfare will blast from the rafters. Great hosannas will rain down from on high. General Motors, the official car company of the US Government, will be turned back into a private enterprise. | Read More »
President Obama’s New Foreign Assistance Program
I imagine myself a cracker-jack vulture capitalist in need of a dandy new investment to beat MARR and make my money work for me – not vice versa. You couldn’t put a gun to my head and make me invest it in the manufacture of wheeled conveyances at US plants. It’s nice when a major corporation full of professional money managers agrees with one of my simple hunches. It tickles my masculine ego.
Regrettably, that major corporation with $15Bn to invest was General Motors. The $15Bn they’ve decided to invest in Brazil, S. Korea, Canada and Mexico came from US Government bailout funds. Money designed to alleviate economic misery in our country – not someone else’s.
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