The whole GM business just stinks.
We, of course, learned over the weekend that GM CEO Rick Wagoner would be stepping down. Then we learn that it was at the behest of The White House. Now I don't care WHO the president is, this is just wrong.
I know that Bush opened the door for this with the initial bailout of the auto makers. I'm referring to the December bailout, the one AFTER the election, the one he consulted with Obama on during that smoothest transition EVAH, and the one approved by the Democratic congress. Most conservatives, myself included, were against the bailout from the git-go, as my mother would say, but again, water under the bridge at this point.
So here we are with Barack Obama guaranteeing your warranty.
" If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always. Your warranty will be safe. In fact, it will be safer than it's ever been because starting today the United States government will stand behind your warranty."
Well don't we all feel better!
Obama has never run anything more complicated than a pencil sharpener; how are we to take solace in the fact that he is now de facto CEO for GM? Because he feels your pain.
"I’d like to speak directly to all those men and women who work in the auto industry or live in countless communities that depend on them. Many of you have been going through tough times for longer than you care to remember, and I won’t pretend that the tough times are over. I can’t promise you there isn’t more difficulty to come.
But what I can promise you is this: I will fight for you. You are the reason I’m here today. I got my start fighting for working families in the shadows of a shuttered steel plant. I wake up every single day asking myself, what can I do to give you and working people all across this country a fair shot at the American dream?"
Were those violins in the background?
Rush Limbaugh asked today, "Where are the unions in all of this?" Well yeah. Hello? Can somebody please hold the unions accountable? Or is BHO just paying them back now by handing GM to them on a silver platter?
And remember, according to BHO, this whole move is not a condemnation of Wagoner - it's just that Wagoner didn't have the right vision. The "right" vision? And who, pray tell, does have the "right" vision? Tim-Turbo-Tax Geithner? And what actually makes him qualified to decide that? His vast experience in business? Hmmm, probably not.
It doesn't matter WHO was behind this debacle at this point. It's just wrong. In fact, now we even have Obama telling Chrysler that they HAVE to reach a merger agreement with Fiat or consider themselves SOL. The bottom line is that this is not how capitalism works. We are a free market society. We do NOT have the White House telling companies with whom they must merge.
Oh but wait. Now we do.