Government Motors

Well, ain't it something? It seems that Dear Leader can call the shots now for companies who take greenbacks from Uncle Sugar. The recent socialist bail-out package, to be exact.

Since when does a "President" tell a company, or a top employee, who to hire or fire? The Federal Leviathan has showered corporations with mula in the past, but still didn't meddle too awful much (with the exception of government regulations, which is a different matter). And the companies generally paid the government back. This kind of help is a LOAN, not a freebie.

Obama the Infallible's recent actions with GM (and to a certain extent, Chrysler) is akin to a bank dictating how a company should run it affairs just because it gave them a loan. If a corporation defaults on a government "loan", then the Feds should take action to get their money back. Just like a bank.

However, banks don't set conditions on how a company should structure itself, or restructure to the bank's liking, as a prerequisite to get a loan. The Feds have long been in the business of playing banker. Thus, they should ACT like a banker. Not this smoke and mirrors populist bullshit just to keep up the approval ratings and potential future votes. Which Mr. Empty Suit is doing.

If you are afraid of voter backlash because of how your debtors are using borrowed money, then get out of the lending business. Let the private banks loan out the cash, or let the natural forces of the Free Market take over.

If I were Wagoner, I would have told Obamessiah to go fuck himself. If I had my say, I wouldn't have recommending taking the money with such bullshit "Leviathan State" conditions. I would've have recommended exploring other avenues. And if all else fails, then GM would have just gone under, which is what should happen to failed corporations in a true Free Enterprise system. General Motors has had a damn good run. But nothing lasts forever.

It would have been amusing to see all those UAW assholes, who always demand more than they're worth, in the unemployment line.

Nationalized industries, here we come!