Now that the United States government has purchased its first automobile company, they should be getting some words of advice from citizens of the former Soviet Union. Wait! The Russians just did give their input, unsolicited and with perfect timing. They said, not surprisingly, that we're much stupider than they were:
It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.It's been a pretty common claim in the last few days that such a boondoggle has never been tried before.
True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.
Both GM and the Obama administration understand they are navigating uncharted territory. Obama vows that the government won't meddle with product decisions or other company business.No, they're not navigating unknown waters. In addition to the Soviets, Mussolini tried just this, and look how well it works!! It's a good thing Obama's automobile task force will not meddle with product decisions...like...well...requiring GM to discontinue the Pontiac brand if they want to continue sucking at the government teat.
The media are infatuated with Barack Obama. He's received twice as much favorable press coverage than either Bush or Clinton did in their first hundred days. It certainly makes it easier for the federal government to take over a car company!
The stock market reacted favorably yesterday on news of GM's bankruptcy filing and government takeover--at least you thought that, didn't you? In reality, the bump in the Dow was almost exclusively due to the dumping of Citigroup and GM from the Big Board and replacing them with much more healthy Traveler's Insurance and Cisco Systems. But it sure made the Obama Adminisration's decision to take over a private company look good, didn't it?
Few things illustrate government ineptness as well as the government takeover of GM. Intelligent observers recommended that GM go into bankruptcy nearly a year ago. Yet government was confident that it could bail out the beleaguered automaker with my grandchildren's paychecks. Bankruptcy was presented by the government as an unconscionable and potentially catastrophic option, because three million jobs would be lost. Yet here we are, a year later--with GM in bankruptcy. Imagine how much further along GM would be now had they not kowtowed to federal government embiciles.
GM does now have apparent advantages over the other automobile manufacturers, but any advantage won't last long. In a move that will all but ensure that necessary quality improvements in GM products will notoccur, the Obama Administration promised, during Obama's usurpation speech yesterday, that the federal government will purchase almost exclusively from GM and Chrysler for its governmental fleets.
Meanwhile, Ford, where quality really does matter, is increasing its production output due to increased consumer demand.
If only Stalin and Mussolini could come back from their graves.