Hey it’s only the taxpayer’s money. Why any American who cares about the size of government, or simply just using money wisely, would ever buy a GM product is lost on me.
The GM bailout was really a bailout for the United Auto Workers and their pensioners. A solid pro-Obama constituency the unions were given a colossal gift courtesy of the American taxpayer. A company which made terrible products for decades and which paid its workers much too much, got to live another day because Obama knew he needed to win the northern Midwest in 2012.
My bet is that within 15 years the American car manufacturers will mess things up again, but for right now they are bailout plump. The city which grew up around the big 3 is in a nearly post-apocalyptic state however. Miles and miles and miles of rust spread out from the city center where GM and Chrysler executives look down from their offices.
That is when they aren’t touring the new manufacturing facilities in China.
According to the Mackinac Center at one point in 2011 every Volt one saw on the road had over $200,000 taxpayer dollars in it. Now that they’ve made a few more we are confident that the number is lower, thank goodness. However it does still have plenty of subsidy in it that one can be sure of.
”I felt like a guy in the boiler room of the Titanic, desperately bailing to keep the ship afloat for a few more hours while the DOJ attorneys complained from their first-class cabin that their champagne wasn’t properly chilled.”
There are about 100 reasons why Detroit is what it is today. More than that. But one of them, according to the attached article, is the city’s abuse eminent domain over the years.
The productive have left the Motor City. After years of being squeezed they left. Or as Ayn Rand might have said, they shrugged, and moved to Florida.
One just can’t run a city that way. Can’t run a country that way either.
This video comes from The Telegraph out of the UK. It shows a city which is in decay, which is dying, which is in need of new solutions.
Do you want to pay for the complete mismanagement of the Motor City over the past 6 decades? Should your children have to pay for the pensions of Detroit’s city workers which everyone knew for years were completely unsustainable?
We have given Tesla a hard time as a beneficiary of crony capitalism. The special loans given to the electric car manufacturer by the Department of Energy and guaranteed by the taxpayer are unfair and great examples of the “green cronyism” we’ve seen with the Obama administration.
But Tesla Motors is a victim of crony capitalism too. The big car dealers don’t want manufacturers selling cars directly to customers the way Tesla does so they have made life difficult for the new entrant.