Government Motors: What Could Possibly Go Wrong?
I am positively gobsmacked by the thought that the government will own 60% of the stock in General Motors. In the world of corporations, that means one thing — control. Beyond the basic issue of the assault on the free market system, the practical problems that will result from this insanity are enormous.
For instance, consider that the government will “simultaneously serve as the company’s regulator, tax collector, customer, pension backstop and lender.†Chew on that for a minute. The government will be issuing regulations to which it will be bound, selling itself cars, lending itself money and auditing its own tax return. In addition, how would you like to be Ford, Honda or Toyota having to compete with the United States Government?
If all that doesn’t give you a case of the hot squirts, consider that the dismantling of this gargantuan corporation was engineered by a 31-year old guy who dropped out of law school to take the White House gig and whose connection with the automobile industry up until a few months ago consisted of having a driver’s license.
I sure hope that at some point the American people begin paying attention.
May they crash and burn while eating a shit sandwich.
Comment by hammer — June 1, 2009 @ 10:28 pm
The thing that kills me about this is that it’s the big fat Buicks!the Cadoos! that are going to be affected. Hang onto your big American cars while you can still get them.
Comment by Suzette — June 1, 2009 @ 10:41 pm
The American people are paying attention. It’s the pigs at the trough that are mindless and heartless.
Comment by Joan of Argghh! — June 2, 2009 @ 6:55 am
The majority of the American people are paying attention — and approve heartily. That’s what’s so damn scary about all this.
Comment by Dave Merriman — June 2, 2009 @ 10:10 am
It’s terrifying. Seriously.
Comment by Richmond — June 2, 2009 @ 2:04 pm
I’m with Suzette. Sleepless lately over the fate of my beloved Vettes and Caddys. “From my cold dead hands” now applies to my bigass SUV. I keep trying to imagine what, exactly, The Founders would have to say about this, but I know THEY WOULD BE HORRIFIED.
Comment by dogette — June 2, 2009 @ 2:49 pm
Shit. The “Obama ’12” bumper stickers are already out.
The sheeple have spoken.
Comment by Dave S. — June 2, 2009 @ 4:05 pm
I heard on NPR this morning that the General Service Administration which purchases vehicles for the federal government bought most of its vehicles from Ford.
Comment by Kevin — June 2, 2009 @ 10:08 pm
What does the federal government know about running anything for a profit?
Comment by Kevin — June 2, 2009 @ 10:10 pm
Yeah, who IS John Galt
Comment by GUYK — June 2, 2009 @ 11:04 pm
[…] And, Government Motors: What could possibly go wrong? […]
Pingback by Fausta’s Blog » Blog Archive » Who is Brian Deese? — June 3, 2009 @ 3:39 pm
Didn’t Hitler start out by designing the Beetle (as a fuel-efficient & cheap car) and building a car factory to build it? Which then turned into a military vehicle plant?
Just askin’.
Comment by Dan O — June 5, 2009 @ 10:37 am