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.
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.....
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.