Boo-hoo. GM traded its future to the Democrat Party for government bail-out money that came with strings attached. In return for the cash, GM had to further the Democrat scheme to switch to “green energy” autos, as promoted by Al Gore and Obama’s enviro-nazis.
They might have been successful were it not for the intrepid Texas oilmen who were betting their industry’s future on the development of fracking. They broke the back of OPEC, fossil fuel became cheaper than green energy could ever be, and the rest is history. Pickup trucks, SUVs, and crossovers rule the roads of the USA.
GM’s ultimate demise was fully cemented when it became
Obama-Government Motors.
Okay help me out here. GM is ceasing production of the Volt, their premier hybrid vehicle, and a pretty good one at that. It’s very competitive with the much more expensive Tesla. At the same time GM’s long term goal is to stop production of all fossil fuel powered vehicles and move solely to electrics by I believe 2030. Anybody else see a disconnect here?
I’m thinking the Unions killed off these car plants. It isn’t just the wages which are too high for the skill level required; it’s the pension and benefits. Yes; the Unions did renegotiate with GM for a lower wage rate and less benefits - probably less pension or a 401K option but it probably wasn’t enough to offset all the pension liability which may one day end up killing GM altogether. Maybe Ford and Dodge too unless a lower pay rate can be agreed on.
It was a ponzi scheme and I think we all know what happens to ponzi schemes when it’s time to pay the piper.
The government has been able to get away with not using Social Security funds paid in for what it was meant for because the gov can print more money but someday it too will have to pay the piper.
DRUDGE already has a link to The Hill where a GM Employee blames Trump for the closure because he gave the Workers false hope.
Amazing what liberal politicians can do when they are motivated. If a conservative tried that anywhere. . . .
I know from direct personal experience.
There are no guarantees in life.
Surprise suprise.
And ghost towns dot the west as the boom and bust cycle repeats.
You followed the leadership of Obama, superfool, jive turkey extraordinaire who is now living much better than you.