Skip to comments.GM Blames "Bias" for Lagging Sales, Revenue
Posted on 10/26/2012 7:43:58 AM PDT by GeronL
(Associated Posers) DETROIT Some high-level executives are feeling down about some of the after-effects of the so-called bailout. They said they miscalculated public reaction in accepting the terms dictated from Washington.
Apparently there is a bias in this country, very widespread, that people believe a business should earn its revenue by selling products or services said one executive who requested anonymity We were under the impression that once the people understood they were all part-owners of the company that they would take pride in it.
Instead of rightly appreciating the government taking their money and buying up 25% of General Motors, many people were upset at having to prop-up a failing business. GM executives were totally caught off guard by the ridicule of them being called Government Motors and worse. Rather than taking pride that GM had taken its place alongside the Statue of Liberty and the Washington Monument as icons of the US, they were seen as corporate welfare hogs.
Since the bailout the company has shed costs by building vehicles in Mexico and other countries, ended production of some brands and closed dealerships. The company also continued to build the money-losing Chevy Volt because of the requirement of their new biggest shareholder-the government, despite bottom of the barrel sales.
This bias that some Americans have is paradoxically hurting our effort to buy our stock back from the government. They are making it harder for us to undo what they dislike. Those who opposed to the bailout are the ones at fault for making this drag on the unnamed official complained These haters would rather by a second-hand Toyota or a Kia than a GM product and they are hurting the bottom line. We might need the government to solve this problem
When asked what the government could do about consumer preferences the GM official pointed to the Supreme Court ruling that allowed government to mandate the purchase of health insurance, saying it could just as easily mandate the purchase of a car. The revenue from this forced sale could fund the giving away of vehicles to the poor.
Being a part-owned by the government, like Fannie Mae and Freddie Mac or the Postal Service might be a good solution, it would allow all kinds of interesting things to happen he said, We even have a sub-compact design that is environmentally friendly that could be built to give away to those too poor to buy a mandated vehicle
The vehicle in question the Federally Approved Required Tract Rover, FART Rover, would not need to pass crash test or safety standards because semi-public GM could get those standards waived.
We can dream up all kinds of ways to save this company the GM official said Unfortunately, this will only happen if the consumer bias against public ownership is overcome in this election. It won't happen if Mitt Romney wins, I think we all know that
HEY, this is America, not Russia. I guess people didn’t want to support GOVERNMENT MOTORS i.e. Obama’s Volt Car, because they want the competition to get rid of high union wages, vast benefits for the labor bosses, and the cost to tax payers already, why woudn’t Americans be biased. Are they STUPID..
Don’t give them any ideas!
“...GM could get those standards waived.”
Though this is satire, it is true that the government did not collect taxes from its motor company last year in order to show a bogus “profit.” If Ford didn’t pay its taxes, the IRS would slap a huge fine on it. That is Obama “fairness.”
Had to check twice. Satire.
A real news article on this topic -> http://www.freerepublic.com/focus/f-news/2950466/posts
a real article on the topic: http://www.freerepublic.com/focus/f-news/2950466/posts
Look at all the fun.
The gutting of white-collar worker pensions at Delphi, GMs biggest parts supplier, is a teachable moment about UAW power and Obama administration callousness... and what fun it was to screw the bond holders!
Hey GM and Obama, why don't you start screaming RACISTS! Everyone knows that the workers that got screwed would not say a word if the president was a white dude.
STUPID is not the right word. Like intelligent Dems, they are not stupid, but monumentally devoid of sound judgement!
GM was not bailed out. The unions were.
Lay down with dogs, wake up with fleas.
See the Mideast every day, in your Chevrolet. Watch out for the rounds buzzing overhead... In my best Doris Day singing voice.
“...GM official pointed to the Supreme Court ruling that allowed government to mandate the purchase of health insurance, saying it could just as easily mandate the purchase of a car. The revenue from this forced sale could fund the giving away of vehicles to the poor. “
Isn’t that really the next step? That fascistic act is too easy to imagine and then see its fruition in reality.
FART Rover? FARTR
I’m a homophobe,
etc etc etc,
But i’ll be damned if I purchase a gub mint motors anything.
Be it chevy or chrysler.