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The picture below is not my 1967/68 Mustang, but a very similar one. Mine was the same color but no stripe.
But I digress....
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In any case, my dislove of GM does not reach to the depths of let the sucker-go-under. Between the jobs that GM has, the dealership jobs, the supplier jobs and the assessment that needs to be done to understand if having an American Car company is necessary for national security – I think we should proceed slowly with stupid decisions that close up shop.
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However, stupidity conspires to derail a support program at every turn.
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1st the idiots didn’t have a restructuring plan- do not pass go. They flew home in separeate private plans (ID - E - OTS)
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2nd time CEOs had a restricting plan tha pasted both Democrtic and White House muster, but Republicans in the Senate decided to show they still had big dicks and put the kibosh on it. (They did this by trying to unilaterally reduce the pay of union workers to an equal amount made by non-union foreign plants. This was after the workers already implemented pay cuts, job bank cuts and agreed to share the pain. And despite the fact that union payroll adds only 10% to a car cost. The Republican Senators did not require a similar pay cut for management of domestic auto companies (who make a larger premiums over Nissan Managers) or from Auto Company CEOs or Board members who make 20 to 200 times as much as their Japanese counterparts.).
FYI – nice “less government” trying to screw union workers.
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FYI Again - Ed and I disagree about Unions. We both do believe they used to be useful, and were necessary. We both agree that in some (perhaps most) instances and businesses they have gone to excess. We disagree rather loudly about their current benefit in this second guilded age when Fat Cat CEO's have no hesitation about sucking the life blood out of their workers and they gleefully laying them off after gutting pension plans and layoff packages while holding multi-million dollar parties for their new trophy wives. I don't want to air dirty laundry here so I won't tell you which side which of us empathizes with. :-)
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3rd time the administration can’t figure out how to give $14 billion to the car companies to save upwards to 100,000 jobs, despite $350 billion handed out to financial firms.
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Also FYI – Last minute language insisted on by the white house (one sentence) in the financial bailout bill means that multi-million dollar parachutes are still valid for outgoing CEOs and other executives of failed banks, mortgage institutions and investment firms. Thank goodness they aren’t lazy ass overpaid union workers, but healthy good for the economy disgraced executives with no added value.
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4. Now, in the shortest of short term stupid decisions, GM shoots itself in the foot and cancels the building of the engine plant for the Volt (pictured above) and their new high mileage car – both promised in 2010.
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(Final FYI -their "high mileage import killer" is this horid "Cruze" pictured to the right. I believe "Cruze" is short for "Crazy Ugly as Shit Econobox" - but again I digress)
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GM is the manufacturing equivalent of the Dodo bird; which walks by starving people and says – “I can’t fly, I can’t fight, I’m juicy and I taste like chicken. What’s for dinner folks?”