Monday, September 17, 2012

Joe Biden Needs to Change His Bumper Sticker

Joe Biden will have to change his bumper sticker to read:


Graphic by TCL

Via:  Market Watch

General Motors pushing U.S. to sell stake: report


By William Spain

CHICAGO (MarketWatch) -- The Treasury Department is resisting General Motors' push for the government to sell off its stake in the automobile maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company's reputation and its ability to attract top talent due to pay restrictions. 
Further Reading:



6 comments:

  1. Pay restrictions put in place by Duhwon.

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    Replies
    1. That's right. Can't blame people for steering clear of a company Obama is running.

      Delete
  2. I used to like GM products: the Corvette, Chevy Malibu, the Olds Cutlass 442, and the Camaro. They haven't produced any cars lately that even come close to those old beauties. Oh, I forgot: I am just chomping at the bit to go and buy one of their gorgeous Chevy Volts. Wild horses can't hold me back....(note the sarcasm here).

    The GM we all knew and loved died a slow and painful death in the 1980's or so, when the UAW started to eat away at GM's vital organs. The union job banks, their union work rules, their union pensions, their unbridled, unrestricted union greed killed that once great company. What remains is just a husk, a shadow of its former greatness. GM was not too big to fail. What we all see now is simply a zombie company - it seems to lumber around like its alive, but it simply doesn't know it's dead.

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    Replies
    1. We've purchased quite a few Chevrolets over the years. No more.

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  3. When you deal with the Devil... I'll give Ford a little credit for that. We just bought 2 new vehicles. Mine was 13 yrs old, and her is 16. We didn't buy Chevys, or Chrylsers, or Fords. But our new vehicles are a greater percentage of Made in America, Parts and Labor than most "American" cars. What a mind screw.

    There is a youtube video where the current CEO of GM explains 7 of 10 GM vehicles come from out of country, Plus how many Components come from out of country for the 3 of 10 ???

    Please.

    GM is a Case Study in Why Socialism SUCKS !!!!!!!!!!!!!! ;-)

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    Replies
    1. Good luck with your new cars. I'm sure Ford is happy they didn't sign up with Obama.

      Delete

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