Again, you are confusing two issues here. I agree with you about the waste of spending on GM and Chrysler and complete incompetence of the seasoned and experienced MBA car guys that ran those companies into the ground. But this article isn’t about that. It’s about the kid who is steering their comeback. So let’s focus like a laser beam on him and not the other issues which I agree with you on. You either want him to fail or succeed. It sounds like you want him to fail. I want him to succeed.
If that's really the goal. Lot's of ideological baggage with this guy (as indicated in other posts), and it makes me wonder about the agenda.
Many smart people have tried to run GM and all failed. This one will be no different since the unions are still in place. I ask the question who will buy a GM product today especially if the Govt is involved. Unless GM gives a tax credit to buy it will fail again.
I am not confusing the issues at all. GM and Chrysler are not going to survive in the short term without being subsidized by the government. Period. This is unrefutable. And they are not going to survive in the long term, even if we throw hundreds of billions more dollars at them to make them limp through to the 2012 elections, which is after all the goal of the Obama administration. In addition to all the other serious issues I have with how my tax dollars are and have been spent, this is just one more.
You and I have a basic and profound disagreement.
YOU think the greedy, stupid white collar executives have run the industry into the ground.
I think the greedy, self-centered and ultimately destructive unions have finally succeeded in killing the goose that laid the golden egg.
I am not confusing the issue. I don’t want him to succeed because I DON’T WANT MORE OF MY MONEY GOING TO THAT UNION CRAPHOLE CALLED THE AMERICAN AUTO INDUSTRY. He is not going to fix it, money is not going to fix it, and I am not prepared to see our country go even deeper into hock to delay the demise of something that cannot be revived.
I think it is you that is confused about the issue. Do YOU support nationalizing industry? Are you a facist, socialist, or both? Because either you think the government should OWN the means of production, making you a socialist, or you think the ownership of industry should remain private but controlled by the government, making you a fascist.
It is either one or the other. Which is it? I am not saying this to put a label on you. I am saying this to see if you are consistent.
obama said today that we have to give GM the next $30B to recover the $19B we gave them two months ago. I had already written off the first $19B as a total loss, and I've now written off the next $30B as a total loss. I want GM dismantled, sold for scrap, insolvent, disassembled, or otherwise modified so it no longer exists. I want GM dead. If this kid is disassembling GM, I want him to succeed. If he's trying to keep it on life support long enough for a few more transfers of our tax dollars to the UAW thugs, then I want him to fail.
Not only that, but I will do everything I can to make GM fail. When someone steals from me, I don't forgive or forget. GM is dead to me. I would not accept one of their cars built after the bailout, not even for free (although I would love a Corvette in good condition from any prior year). I will never buy or own a GM/Chrysler product made after the bailout was approved. Fascism must be resisted in ever way possible, whether large or small, and this is one small thing we can do for freedom.
I just want to be sure you understand my points in #58 and #61. I apologize for calling your opinion stupid and asinine, partly because it IS your opinion and you are entitled to it without being called stupid, but also partly because it doesn’t help me make my point.
I’ll try to do it without being so strident. Thanks for the civil response.