Tuesday, June 9, 2009

Government Motors: Government of the idiots, by the idiots and for the idiots

The following was sent to us last Friday and we felt it worthy of a post.

The genius of our government becomes more evident every day.

Our state owned and controlled auto manufacturing company, GM, has been told by its de facto CEO, President Obama, to produce smaller, lighter and more fuel efficient cars. At the same time the second largest shareholder in the new GM, Ron Gettlefinger, the head of the United Auto Workers, has convinced Congress to direct state owned and run GM that they are prohibited from importing small, light fuel efficient cars to the US that they currently make in their own factories in China.

Today, state owned and run GM announced that it is selling Saturn to Roger Penske, the second largest auto dealer in the world. Penske already is the exclusive North American distributor of Smart Cars (made by Daimler-Benz) and he announced separately that he has a deal to import and distribute small, light fuel efficient cars made by Renault at his new Saturn dealerships.

Now Saturn dealers will have Saturn, Renault and Smart Cars. Penske also announced that he is negotiating with SEVERAL CHINESE AUTO MANUFACTURERS to import and distribute small, light fuel efficient cars made in
China, by Chinese auto manufacturers. (Currently, more cars are made in China
each year than in the US.)

So state-owned and controlled GM has just created another huge competitor for the small, light fuel efficient auto market, which will have the ability to import cars from manufacturers who have specialized in small, light fuel efficient cars for years. While at the same time not being able to import to the US small, light fuel efficient cars that they already make in their own factories in China.

I guess I am not holding much hope that my tax investment in the new GM will be repaid; but I am glad the the government is watching out for my best interests.

Have a nice weekend Comrades!

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