Wednesday, April 1, 2009

The new government owned automobile repair and maintenance facilities

Well the man that was elected to run the American Automobile industry has guaranteed all new car buyers of GM and Chrysler that their warranties will be honored.

"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."

I guess this will be some of the new jobs that the new auto exec will be creating with taxpayer dollars.
We as a nation are now being asked to trust this administration to run financial institutions, automotive manufacturers and who knows what the future holds. The arrogance of these clowns is simply astounding! I guess this is what happens when a population of idiots elects a man for arguably the most important job in the world who has the thinnest resume ever for a Presidential candidate. Please point out to me our new auto chief’s past business experiences.

And I quote "In this context, my administration will offer General Motors adequate working capital over the next 60 days. And during this time, my team will be working closely with GM to produce a better business plan. They must ask themselves have they consolidated enough to profitable brands. Have they cleaned up their balance sheets, or are this still saddling with so much debt that they can't make future investments?"

I am willing to bet that he doesn’t even understand a balance sheet. In his apparently boundless self-confidence, our new car czar in chief evidently thinks that he knows better how to run an automobile manufacturing company than the management of GM or Chrysler. What about his crack team? http://www.detnews.com/apps/pbcs.dll/article?AID=/20090223/AUTO01/902230327 Can anyone please point out someone on this list that has some experience in running a major manufacturing company?

I believe his arrogance is best explained by an a priori conviction that government always knows best. Let's take a second to analyze this thought.Can anyone point to anything that government has done well with taxpayer money?

Have we won the war on poverty yet? It seems to me that all we have succeeded in doing is create an entire class of needy individuals with no desire to work because they believe they are entitled to government aid due to the fact that they are still breathing oxygen.

How about the education battle that we have poured untold billions into? Nope we are losing this war as well.

The War on drugs? I don't think so.

I could go on all day.

I really feel bad for all of the people who have their lives tied to the automotive industry in this country. Once GM and Chrysler declare bankruptcy I am sure that our new car czar in chief will guarantee the lifetime benefits both financial and medical to all of the retired employees of these once great companies just like he did with auto warranties.

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