The company’s body not yet cold, and I find myself filled with — dare I say it — joy. It is not the joy of revenge against a corporation that ruined my hometown and brought misery, divorce, alcoholism, homelessness, physical and mental debilitation, and drug addiction to the people I grew up with.
We are now in a different kind of war — a war that we have conducted against the ecosystem and has been conducted by our very own corporate leaders.
His solution. Fast trains and getting rid of NASCAR.
I' d like to see Michael Moore try to fit in this, much less a seat in a bullet train.
Here’s another plan. Quit feeding the greedy fuck.
People like him are killing the planet/ sarc (I happen to believe global warming is no more of a crisis than that global cooling pile of shit they tried to sell a couple of decades back)
Treasury bludgeoned the bond holders in both Chrysler and GM to take pennies on the dollar, which will not make creditors eager to lend to the companies in the future.
There’s also the labor agreement that the UAW approved last week, which goes some way toward reducing costs but probably not enough to make the new, smaller GM competitive……………The agreement must also be renegotiated in two years by an Obama Administration running for re-election and weighing the need to keep Big Labor happy against the risks to taxpayer-shareholders. Who do you think wins that White House debate?
The Administration’s concessions to the UAW also restrict the company’s ability to import smaller, more fuel-efficient cars that it already makes overseas.
This is raw trade protectionism. It is also textbook cartel behavior and would be an antitrust violation if practiced by a business. But the benefits for GM are illusory because the import limits mean the company will have to spend even more to retool its domestic plants to make the little green cars that President Obama and Congress are demanding. No one knows if Americans will buy such cars, even if GM can make them competitively in the U.S.
The larger corruption will be when government tries to vindicate its ownership by favoring GM over Ford and the other auto makers that aren’t wards of the state.
Expect more such favoritism, including huge new subsidies for green cars if consumers prove resistant to their charms.