What Did Obama Motors Know?

Posted by freedomforall 10 years, 1 month ago to Economics
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Like a chapter from Atlas Shrugged.
What do you get when you cross a failing motor company with socialist looters?

All Comments

  • Posted by $ jbrenner 10 years, 1 month ago
    Unfortunately you also at the same time get producers like my parents who invested $100 K in pre-Government Motors bonds getting a threatening letter from Big Brother saying that, if they are displeased with the insulting offer of $225 for $100000 worth of bonds, they will get sued by the thuggish federal government. Perhaps the first of Obama's impeachable offenses was violation of the bankruptcy laws in the Government Motors case. That happened right in the time when I was seriously considering going Galt, and that was my tipping point.
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  • Posted by Robbie53024 10 years, 1 month ago
    Don't criticize Ms. Barra for being the exec dir of manuf engineering - that sounds ominous, but really just means that she was responsible for ensuring that the plants could make automobiles. It has little to nothing to do with design or safety (other than as the manufacturing process affects it).
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  • Posted by starguy 10 years, 1 month ago
    Government Motors....
    ObozoCare.....
    Solyndra....
    etc....

    Just one failure after another for Barry Hussein.
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  • Posted by Robbie53024 10 years, 1 month ago in reply to this comment.
    I hope they got rid of those bonds. Given the way this admin behaves, they are likely to come after the bondholders and insist that they pay for these recalls.
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  • Posted by $ jlc 10 years, 1 month ago in reply to this comment.
    I do not envy them, but I hope that what will come of it is that someone may have an idea for 'a better car' and come out with it. The presence of the conglomerate of 'big boys' in the auto industry is that they make innovation difficult. Perhaps some of the engineers who are now set loose will start their own companies and provide a groundbreaking change to transportation.

    Jan
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  • Posted by freedomforall 10 years, 1 month ago
    Hopefully you get a lot of John Galts, but likely you get a lot of unemployed auto workers.
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