Posts Tagged ‘Cafe’

‘If you want to get that taxpayer money back, buy a GM product’

June 1, 2009

Heard that little slogan over the radio today.  Didn’t catch who said it, as I’d just turned the radio on.  But from the tone of the interview, it either came from a government-type or a union-type who favored the bailout-laden bankruptcy.

I immediately asked myself, “I wonder how Ford feels about that reasoning?”

Here’s another slogan for you: “Buy your car from Government Motors so Ford can enjoy going bankrupt, too.”

Obama says his auto strategy is to “level the playing field.”  What could be more “level” than the entire industry bankrupt and under government thralldom?

How would you like it if one of your primary competitors in business had been nationalized by the government, which has already pumped $50 billion into your competitor (with Canada pumping in another $10 billion), and which now had a 60% (70% counting Canada) ownership stake in your competition’s future success.

Mind you, if you’re a GM shareholder, you’re probably not real happy either.  You just got wiped out so that the UAW could get a 17.5% ownership stake.

Now, on the bright side for Ford, both Chrysler and GM will now be compelled to make pathetic little “Obamamobiles,” while Ford still has the freedom to continue building the cars people actually want.  That should help Ford continue to continue to gain in market share – at least until Obama artificially increases the price of gasoline to try to force us all into his putt-putting Obamamobiles.

What is truly sad is that, had GM simply filed for bankruptcy protection when it first became obvious that it didn’t have the wherewithal to meet its obligations, it would have been able to enter into a government-free structured re-organization.  Instead, George Bush punted the company to the Obama administration.  And then Barack Obama caught it, and began sprinting down the field with it – in the wrong direction.

The reason Obama pumped all this taxpayer money into GM and Chrysler was so he could control the bankruptcy outcome.  Obama now gets to reward his union base even as he imposes his radical leftwing environmental agenda on two of America’s largest manufacturers.  Which will in turn create a precedent to demand even more control from more manufacturers whether they needed bailouts or not.

Once the liberal political class gets the taste for using American industrial financial capital as a slush fund to purchase political power and advantage, it will never give it up until all the meat has been devoured.

Someone has to sacrifice to pay for that.

Obama said:

It’s “a sacrifice you may not have chose to make, but a sacrifice you are nevertheless called to make so that your children and all of our children can grow up in an America that still makes things, that still builds cars, that still strives for a better future.”

The only problem  with that is that the man who is calling upon Americans to sacrifice for all our children is the very same guy who stole our children’s money in the first place.  Obama has been engaging in generational theft since the day he took the oath of office – which includes the oath he took as a state senator as part of the corrupt Chicago political machine.

And by no means is that sacrificing over yet.

You might look at the fact that GM just lost its spot on the Dow Jones industrial average which it had held since 1925 and say, “Thank God I didn’t buy any stock in GM.”

But you DID buy stock in GM.  And you’re going to be buying a lot more before it’s all said and done.

GM says it owes $172.8 billion, with $82.3 billion in assets.  That means, on top of the extra $30 billion Obama is making taxpayers fork over right now, we’re going to be on the hook for more than $60 billion more down the road.

That is an awful lot of taxpayer sacrificing so that Obama and his liberal lackeys can maintain control over their new political slush fund.

Is this what Americans want?  Not according to Rasmussen, it isn’t:

Only 21% of voters nationwide support a plan for the government to bail out General Motors as part of a structured bankruptcy plan to keep the troubled auto giant in business.

The latest Rasmussen Reports national telephone survey finds that 67% are opposed to a plan that would provide GM with $50 billion in funding and give the government a 70% ownership interest in the company.

Even when presented with the stark choice between providing government funding or letting GM go out of business, only 32% of voters support the bailout
. Most voters (56%) say it would be better to let GM go out of business.

As on many issues, there is a huge gap between the views of the Political Class and the rest of the nation. By a two-to-one margin, the Political Class says it is better to provide the bailout funding than to let GM fail.

The people don’t matter any more.  And what is ironic is that we voted not to matter.  We the Sheeple voted to allow ourselves to be rushed down the roadway to Marxism or fascism.

We learn – from the Russian source Pravda, no less – that:

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breathtaking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people. […]

Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters. […]

The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America’s short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe. […]

The proud American will go down into his slavery without a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.

If you want to enjoy the full flavor of having a Russian who has learned from his own history that what we are doing will lead to our doom – and who is gleefully relishing the prospect of the United States plunging off the same socialist cliff his country plunged down – read the full article.

And what Obama is doing to Government Motors and the auto industry he wants to do to the entire nation.

You say you’re not going to buy an Obamamobile?  By the year 2016 he has ensured that you won’t have any choice: his cafe standards will guarantee that every single car sold in the United States is an Obamamobile.

You’re also going to have Obamacare for your health care system and Obamapower for your energy.

The “new GM” represents the death of America.  The symbol of American prestige, economic power, and military supremacy has bit the dust.  It continues on only as a Marxist mockery of its former glory.  In that sense, it is rather like the crappy cars of recent times that were badged with the names and logos of the fabulous muscle cars of the past by some cynical marketing department.

If I may end by paraphrasing the final stanza of T.S. Elliot’s The Hollow Men:

This is the way America ends
This is the way America ends
This is the way America ends
Not with a bang but a whimper.
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