Perhaps GM should change its name to Government Motors. The United Automobile Workers, one of the culprits destroying the American Car Industry, is expected to own 20% of General Motors by the time the Chapter 11 Bankruptcy proceedings are complete. The U.S. Government will own a 70% share, creating a conflict of interest when it comes to governmental decisions regarding fuel standards, technology initiatives, and so forth, let alone the fact that the move toward nationalizing our private industries is dangerous, and a literal move in a direction of communism.
President Obama states the government has no plan to have an operating role in the company, but such claims come way too late. Obama has already shown his willingness to dictate to the company their policies by ensuring the resignation of GM's CEO in late March.
Government control over Chrysler is already beginning to pay dividends for the Democrat-led Government, since every single one of the dealerships forced to close, save for one, gave contributions to the GOP. Coincidence? I think not.
I am just wondering after which magnificently run government program is the running of General Motors going to be modeled after? Bankrupt Social Security? Bankrupt medicare? Or will the autommaker be run much like the magnificently efficient state run Departments of Motor Vehicles where you never have to wait long at all, and they never make any mistakes!
-- Political Pistachio Conservative News and Commentary
U.S. Expected to Own 70% of Restructured G.M. - New York Times
GM CEO resigns at Obama's behest - The Politico
Did anti-Obama Campaign Contributions dictate which Chrysler dealers were shuttered? - Director Blue/Doug Ross @ Journal
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