Saturday, June 30, 2018

Government Motors

My how time flies when your having fun. It hasn’t been long ago that General Motors (Government Motors) had to be bailed out by the taxpayers to prevent the auto giant from collapsing, along with Chrysler as both were basically bankrupt. Chrysler quickly formed a plan, if you can call it that, but it took until April, 2014 for GM to be officially free of taxpayer ownership.

Exactly how much did the GM action cost isn’t easy to find. Best estimates are between $10.3 and $16.6 billion. I suppose in the grand scheme of things, a billion here and there ain’t much, but when you have public funds keeping a corporation afloat, it does seem to be a lot. And, now there appears to be a threat to do it again.

General Motors is saying that they may have to raise prices and cut jobs to deal with tariffs. Somebody please, say it ain’t so. Is round two on the way? What will be the outcome this time?

We should at least be able to get a good deal on a car this time. "No deal, no dough." Who says that GM is too big to fail? Guess we’ll have to wait and see.

How about if we get to submit names for new cars, and a few winners get a prize - like a new Ford. Here are some nifty names that might work. Pelosi Pusher - Clinton Coverup - Schumer Smoker - Maxine Machine.

Or, it could be that all models would simply be the "People’s Car."

Worked for Hitler.

PMO
©2018

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