We’ve said multiple times that GM is a company which deserved and deserves to die. It is a shame that this company still treads the earth along with the rest of the herd of bailout dinosaurs.
We are just beginning to get the story on why vehicles were not recalled to GM when they should have been. That the vehicles involved might have shown the government sponsored car manufacturer in a bad light had nothing to do with the slow response of course.
GM at this point should be GMC, Corvette, and Cadillac. These make make sense. There are customers for them and the quality of the cars is nearly that of Japanese and German autos. Cadillac particularly has made tremendous strides. It’s no Mercedes Benz or even BMW, but it has gotten consistently better over the last 10 years. The bumpers don’t fall off anymore. (Remember the Coupe Deville?)
Earlier this year the Treasury decided to sell off the remaining position it (and the taxpayers) had in Government Motors at a $10 billion loss.
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.
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.
That’s right, GM, General Motors, the car company which was nationalized, is sponsoring a “free enterprise tour.”
Look GM, you have embraced crony capitalism at every turn. Don’t you even think for a moment that you can associate yourself with honest business, with free enterprise.
You the tax payer, you do not matter.