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Post a Comment On: Doug Ross @ Journal

"Good news: GM now owes taxpayers $35 billion (and by the way, how are those electric cars working out in DC?)"

4 Comments -

1 – 4 of 4
Blogger Chris said...

Your car comment parallels what I've posted on other blogs.

This major electrical outage (I live in NoVa, just far enough from the Emerald City of Odds) sure would have ruined a Greenie Weenie wet dream!!

12:16 PM

Blogger Robert Janicki said...

Just a side note for taxpayer owners of GM who are liberal and concerned with outsourcing of vendors and off shoring of GM manufacturing.

61% of the cost of a GM vehicle is a result of outsourcing parts manufacture and or technology support to domestic and foreign suppliers. In addition to the outsourcing, off shore manufacturing and technology account for the other portion of the 61%.

When a liberal tells you that Obama saved GM, what they meant to say is that Obama saved a lot of foreign jobs in the process at the expense of American taxpayers.

In addition, Obama destroyed the bankruptcy laws that would have allowed GM to systematically reorganize into a leaner and more efficient business operation starting with canceling all union contracts and restarting the bargaining process within real labor market conditions.

Right now the UAW owns approximately 60% of GM with the taxpayers holding approximately 30% of GM stock currently valued at less than half of what the bailout of GM cost. GM will never be able to repay the taxpayers for the bailout and that is a mathematical certainty.

I say this as a retired GM salaried employee. GM became part of the crony capitalist system we have come to know as the federal government AKA the statist corporatist cabal between government, business and labor unions.

We're doomed unless November 6 brings about a whirlwind change in the presidency and the Senate, while holding the House.

6:34 PM

Anonymous Anonymous said...

I lied in both Northern Va and Md for many years. I can't tell you how many times, after a major snowfall, a call went out over radio and tv for volunteers with large 4wd vehicles to help transport essential workers into the District.
I'm trying to think of who manufactures an electric 4wd hummer with a battery good for 100+ miles.....Scratch that; I'm trying to think of who makes an electric car that even works in sub-zero weather.

3:57 AM

Anonymous Anonymous said...

I lived in both Northern Va and Md for many years. I can't tell you how many times, after a major snowfall, a call went out over radio and tv for volunteers with large 4wd vehicles to help transport essential workers into the District.
I'm trying to think of who manufactures an electric 4wd hummer with a battery good for 100+ miles.....Scratch that; I'm trying to think of who makes an electric car that even works in sub-zero weather.

3:59 AM

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