Posted on 04/02/2009 7:21:44 AM PDT by CampusKing
"The tombstone for General Motors really should have read 1908-2008."
"That’s because December 2008 is when the bell finally tolled for GM – when the marketplace determined that a combination of poor management decisions, union pressures and a slumping economy had made the automotive giant’s continued existence mathematically impossible."
(Excerpt) Read more at blog.getliberty.org ...
GM should have went into bankruptcy months ago. But now that this corpse of a business is being tube fed by government, Kept alive like Terry Shivo with our tax dollars, it will continue to be kept alive as a method of robbing us blind of tax dollars, gifts to whoever Obama wishes to gain favor.
..and kept alive in order to insure that union jobs and contracts are intact.
Just wish they would get their terms straight. Whats happening to our once great country is a Fascist power grab, not Socialist as they keep saying.
This take over of GM and Chrysler by Government also means all those autoworkers still punching a time clock at these palces are now welfare workers, paided for by yours truly.
They are now fair targets for criticism by the taxpaying public to be ridiculed and forced off the government welfare teat.
Other chilling effects on capitalism:
1) 16th amendment
2) FDR’s new deal
3) LBJ Great Society
4) Nixon’s price controls
5) 1977-1981, thy name is Jimmy Carter
6) ‘read my lips’ George Bush
7) CRA on steroids, brought to you by Bill Clinton.
8) Bailout 2008
Thank God for the emerging underground economy.....
@008 GM’s are now official collectors items, the last cars ever made by GM.
2009’s are made by the government, and shouldn’t be bought.
GM Subsidiaries
AC Delco
Adam Opel GmbH
Allison Transmission All assets except the Allison plant in Baltimore were divested in early 2007. GM-Allison hybrid-powered buses.
General Motors Acceptance Corporation 51% stake sold to Cerberus Capital management for $14.7 billion in late 2006.
General Motors Canada
General Motors do Brasil
General Motors India
Global Hybrid Cooperation
General Motors South Africa
GM-AvtoVAZ
GM Daewoo (50.9%)
GM Defense
GM Europe
GM Holden Ltd
GM Performance Division
GM Powertrain Europe
OnStar
Saab Automobile
Shanghai GM (50%)
Vauxhall Motors
SAIC-GM-Wuling Automobile Joint venture in China.
The truth of your observation is becoming clearer with each passing day.
Obama, it turns out is not so much Lenin as he is a more slender reincarnation of Il Duce. He'll make the trains run on time again by nationalizing the railroads. Can the "Blackshirts" be far behind?
Emerging? It's been there all along. You just haven't seen a need to participate in it till now.
I knew it! No wonder they are a piece of crap.
Vauxhall (Viva)haven't been made since the 60's. Why is this still called an asset?
I sure hope the allison tranny in my ford is made in Baltimore...
See my new tag-line. Have been thinking about changing it for a while. Thanks for the little prod!
LOL. He’s made the teleprompters run on time. Sort of.
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