The investment that’s Left

Last week the president took time off from golf and fundraising to brag about what a great thing he did in bailing out the UAW General Motors:“Now, I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.”Barack Obama, Pueblo, Colorado - Thursday Aug 9“I want… Continue reading The investment that’s Left

Government Motors: Morally Hazardous…

... to the Rule of Law; to the economy; to taxpayers; to shareholders. This is not Capitalism, it is Fascism. Capitalism actually requires that bad companies be allowed to fail. And their assets, or lack thereof, cannot appear on a government balance sheet. "It looks like General Motors will be throwing everything in but the… Continue reading Government Motors: Morally Hazardous…

Competitors be warned

Government Motors has powerful allies: The White House, FBI, FCC, NLRB, EPA, IRS, etc., etc. Ford pulls its ad on bailouts This is what happens when government seizes corporations. If it will decide to give money to a corporation going bankrupt, to negate legal contracts... to suspend the rule of law, then government owns the… Continue reading Competitors be warned

Gas prices are too low

General Motors CEO Dan Akerson thinks the federal government should raise gas taxes by as much as $1 per gallon. He thinks this would make customers more receptive to smaller more fuel-efficient vehicles.According to the Detroit News:A government-imposed tax hike, Akerson believes, will prompt more people to buy small cars and do more good for… Continue reading Gas prices are too low