Wake up in your Right Mind
General Motors pushing U.S. to sell stake: report – MarketWatch.
The Obama administration enjoys driving General Moters into the ground. That’s why it is refusing requests by the GM executives to sell off its shares of the company.
GM notes that association with the Obama administration is hurting its reputation, impeding sales of vehicles (due to lack of confidence), and hurting it’s ability to employ top talent.
Since it costs about twice as much to build a Chevy volt, than the base price which GM charges, the taxpayers will be paying 49,000 dollars for every volt on the road. They already pay aout 7,000 dollars for government subsidy of each customer purchase.
As you know, the Chinese government is subsidizing the production of the cars over there, but production is likely still at a similar loss.
Be aware that the losses incurred by the GM plants in China will fall on the American tax payers in the next bailout.
Are you feeling green today?
Insight: GM's Volt: The ugly math of low sales, high costs | Reuters.
GM deal moves electric car development to China — a ‘shakedown’?.
Government Motors seeks to outsource electric car development to China, where the government subsidizes purchases to the tune of 19000 dollars, rather than the measly 8000 dollars offered by the U.S.
Obama’s job stimulus program might be more effective for China than for the U.S.
Chevy Recalls Cruze After A Steering Wheel Falls Off – Driver’s Seat – WSJ.
The steering wheel fell off of a Chevy Cruze while the driver was on the road.
Imagine going down a curvy road, or the highway and suddenly your steering wheel is useless.
(This actually happened to the Pharmer also……. a last model 1977 Ford Maverick. In this case, the collar stripped, after many years of use. So the loss was not quite as complete and sudden as in this case of the Government Motors Cruze.)
The excuse is that a wrong steering wheel was put on in the assembly line, then it was removed and replaced with the correct one, but the attachment was not done properly. OOPS!
GM Resumes Political Donations – WSJ.com.
Government motors has that name because of its majority ownershop, and it is donating mostly to Democrat candidates.
Your tax dollars at work.
New GM CEO’s pay package worth $9 million – Yahoo! News.
The new Government Motors CEO gets 9 million, same as the last one.
You see, the government employees are entitled to more pay than the private sector ones, in Obama speak.
But mind you, while the leftie rhetoric is to excoriate the greed of high paid CEOs, they are fostering the very same thing under the table.
Here’s Obama when he wanted your vote…. remember this? He was going to erase the evil of astronomical CEO salaries.
When Obama had a chance to regulate the pay of his very OWN Government Motors CEO…… $9 million, has just been approved, plus hiring him a helper, at almost $3 thousand per hour because, as you remember, Ed Whitaker ‘doesn’t know a thing about cars’!
GM CEO Whitacre receives $9M pay package – Yahoo! Finance.
Check out this video of Obama carrying on about the wall street CEO bonuses, telling them to cut their own pay.
Then watch February news as he changes his mind……. well, those bonuses are suddenly OK again. There’s also the pretense from the Obama-press that using stock to pay the bonuses is something new. Those of us who have ever read business news know better.
Lefties, it appears that Obama is not going to solve your bonus-envy issues after all.
Why don’t you go buy some stock in the offending companies and show up at the shareholder’s meetings?