Is GM an Obama Success Story?

In a recent interview, David Axelrod said that Obama’s campaign slogan should be something along the lines of: Bin Laden’s dead, GM is alive.  I shall reluctantly give Obama some credit for Bin Laden (what was he going to do when they found him – ignore it and let Bin Laden go on his merry way?).  However, GM is alive the way Frankenstein’s monster is alive – i.e. not in a good way.

GM is giving me flashbacks to my days in the former USSR.  Like a dutiful government-owned company, GM is producing electric cars that few want, so the government is subsidizing people to purchase them.  So, sorry, but this creaking undead government boondoggle is not, in my opinion, anything to boast about.

Oh heck, just read this.


About Mystic Cowgirl

I worked overseas in the aid game for longer than I'd like to admit and learned several important things: 1) Third World countries aren't poor because America is rich. They're impoverished due to socialist governments that provide neither rule of law nor basic infrastructures; 2) These socialist governments redistribute wealth from taxpayers to the government workers. There's no benefit to the poor or downtrodden, and certainly not to the general welfare in terms of infrastructure improvements. 3) America is moving toward the Third World model. Rule of law has been subverted because equality under the law is disappearing as special interests carve out exemptions to regulations and special favors under the law. The redistribution of wealth to government began decades ago -- total compensation for government employees now outpaces salaries in the private sector.
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One Response to Is GM an Obama Success Story?

  1. Pingback: Chevy Volt: An Even Bigger Loser | FemCon3

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