Mayhem at GM (Government Motors Meltdown)

Daily Caller ^ | July 30, 2012 | Mickey Kaus

[PJ-Comix]

This wasn’t supposed to happen until Nov. 7: It’s like the last act of Titus Andronicus over at GM corporate headquarters.

Two weeks ago, Opel chief Karl-Friedrich Stracke presented numbers to Dan Akerson. Akerson fires him. Opel gets two interim chiefs in a week. Last Thursday, Opel’s new design chief Dave Lyon doesn’t even start his job. Today, media in the U.S. and Germany report that Lyon had been escorted from the building and to a waiting car by GM’s head of personnel. A day later, global marketing chief Joel Ewanick suddenly leaves. Instead of wishing him all the best for his future endeavors, GM spokesman Greg Martin puts a knife in Ewanick’s back: “He failed to meet the expectations the company has of an employee.”

[PJ-Comix]

Another Bamster "success" story that ranks up there with Solyndra.

[hal ogen]

If GM execs are this disorganized and transient, how are they going to pay back the taxpayers all the money they stole from them? Answer: They are not.

[stephenjohnbanker]

GM is worse : )

[Menehune56]

They were hoping desperately to suppress this story until after the election.

[cicero2k]

So, GM was saved. For three years.

I’m glad to see they are firing people.

Question: how did Chrysler get saved?

Lee Iococca and the new guy from Fiat.

[snowrip]

It’s not considered a “save” when the long-term replacement cost is greater than had the company been lost or sold altogether.

[moovova]

Not too big to flail, I guess.

[foundedonpurpose]

So is Obama still going to take credit for the state saving GM, as it now falls completely apart with his fine hand picked leadership.

[COBOL2Java]

[spokeshave]

....Ha and GM just quit adverising on the super bowl and switched to a multi-million dollar ad campaign with a UK football club....Rush all over it today.

[Gen.Blather]

If I recall the story correctly, several years ago the government seized the Mustang Ranch for unpaid taxes. The Mustang Ranch was a whorehouse that had been in continuous operation for over 100 years. They went out of business several months later. I think it was Robin Williams who said, “Imagine, the government can’t run a business that sells p*ssy and beer!”

[Tucker39]

Rush quoted Milton Friedman today, who said:

If the government took over control of the Sahara Desert, within 5 years there would be a shortage of sand.”

[Secret Agent Man]

Their new slogan.

GM: We’re Worse.

[Intolerant in NJ]

...Two years later, the Treasury still owns more than 26% of GM. The stock price of the dramatic administration success story is too low to sell without taking gigantic, embarrassing losses...Obama hates capitalism so much he's probably delighted to see investors take big losses - maybe even when they're US taxpayers......