Tuesday, June 2, 2009
Government Motors - the new GM
Have we had enough yet?
How long will we continue to be passive about "Change"?
Is there anyone out there that believes that if the government provides General Motors with billions of taxpayer dollars (without gutting the United Auto Workers contracts) that it will eventually be profitable?
If so, I need to tell you about a 129,000 acre fertile desert that my family has been holding in New Mexico for the right opportunity. If you can introduce me to the right person in the Obama administration that will provide the funding, (an estimated $17,000,000,000) it will provide living quarters and jobs for 5,650,000 illegal aliens. We can turn this whole situation around. Seriously!
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Hey, Chic, glad to see you are still speaking out. I can understand your heartburn over GM. But there are some factors you left out concerning its potential for success. First, the corruption with oil company lobbyists and the congress will have to be out down. They colluded with auto people to encourage more gas guzzlers when the world clearly wanted a different product. Next, the market forces will have to be reineed in. If shareholders, especially institutional investors, are short sighted due to greed, GM will continue to avoid a long term plan, instead opting for short term profits. This is why they built so many SUV's when the future was pointed in a different direction. The "right now" profit was in big SUVs and trucks. But with the last price crisis in oil, that mode evaporated. With all that, the government is in a great position to move GM forward to greatness again, as it is in a position to deal with the issues I just outlined. Whether they will have the guts to do it, who knows? But I think it can be done. Obama is a bright guy, and that is good. My gut feel - in just a few years, GM will be flying high.
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