G.M.’s Electric Lemon
G.M.’s Electric Lemon
Government subsidies distort another market into stupidity and waste, as the Obama administration's Three Stooges economic policies pour truckloads taxpayer money down another yawning rat hole.
If GM had gone bankrupt as it should have, the market would have quickly and efficiently re-allocated its assets to where they could be put to best use. But no, the UAW, the greediest, most self-destructive union of them all, had to be pandered to by Democrats for political reasons, so Obysmal puked up a $50 Billion tax-payer bail-out. Not paid for, of course, just piled onto the deficit.
The first one of us GM owners who starts getting dividend checks, please let the rest of us know. We're counting on those GM checks to help pay our increased taxes.
Byron
Government subsidies distort another market into stupidity and waste, as the Obama administration's Three Stooges economic policies pour truckloads taxpayer money down another yawning rat hole.
If GM had gone bankrupt as it should have, the market would have quickly and efficiently re-allocated its assets to where they could be put to best use. But no, the UAW, the greediest, most self-destructive union of them all, had to be pandered to by Democrats for political reasons, so Obysmal puked up a $50 Billion tax-payer bail-out. Not paid for, of course, just piled onto the deficit.
The first one of us GM owners who starts getting dividend checks, please let the rest of us know. We're counting on those GM checks to help pay our increased taxes.
Byron
posted by Byron | Friday, July 30, 2010
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