Pres. Obama guarantees..
"This Toaster is guaranteed by the US Government. If you have any problems with this Toaster please contact the White House Department of Consumer Affairs. President Barak Obama gives you his personal assurance that if you are not satisfied with this American made Toaster he will take immediate action to ensure that American made toasters are the best in the world. If you feel that the service you are receiving from this Federally ensured Company is unsatisfactory, you may petition your Government to have the CEO of the Company fired. This has been a message from the Federal Consumer Guarantee Corp."
OK, so it's not toasters that the President is guaranteeing, but American made cars, from those companies (Chrysler, GM) to which the US Government has now given so many billions of dollars in loans that in effect the Government, and in effect you the taxpayer, own them. Since Pres. Obama gave the leadership of these companies a limited time to come up with a financial plan to save themselves, and since they failed to do so, the President decided not to give them any more billions now (at least not for a while) until an acceptable plan is forthcoming. In order to get control of the situation, Obama essentially fired the Manager and CEO of GM, Rick Wagner, and in effect, has now himself become the Manager and CEO of GM. It's a case of your Federal tax dollars at work. If you want to buy a car cheap contact the White House, they have lots of deals going in the Rose Garden.
I am not a Republican, but even I can detect a certain amount of creeping socialism in this situation. Having the Government "take over," i.e. nationalize "the means of production, distribution and exchange," is the goal of socialism, on the grounds that the Government will run the companies in the interests of the "people" not the owners or "capitalists," who every one knows are bloated, greedy and selfish. But, nearly a hundred years of experience has shown that the Government has no idea how to run a company and nationalized industries tend to be bloated, greedy and selfish, while modern capitalism is lean, mean and progressive. That's why in Europe most of the Governments have been denationalizing the industries that were taken over 50 years before and were left in terrible shape, and that's not to mention the appalling situation in the former Soviet Union.
Now, I would be the first to admit that GM and the others have been bloated and reactionary, continuing to make great gas guzzlers while the demand is for small, efficient, environmentally friendly cars such as electric cars. And there is a need, short of closing them down, for them to change fundamentally. But, whether or not having the Government take them over, as they essentially took over the Banks and the Mortgage Companies (such as AIG), is really questionable. Those who voted for Barack Obama did not intend for him to spend his time designing an improved Chevy.
OK, so it's not toasters that the President is guaranteeing, but American made cars, from those companies (Chrysler, GM) to which the US Government has now given so many billions of dollars in loans that in effect the Government, and in effect you the taxpayer, own them. Since Pres. Obama gave the leadership of these companies a limited time to come up with a financial plan to save themselves, and since they failed to do so, the President decided not to give them any more billions now (at least not for a while) until an acceptable plan is forthcoming. In order to get control of the situation, Obama essentially fired the Manager and CEO of GM, Rick Wagner, and in effect, has now himself become the Manager and CEO of GM. It's a case of your Federal tax dollars at work. If you want to buy a car cheap contact the White House, they have lots of deals going in the Rose Garden.
I am not a Republican, but even I can detect a certain amount of creeping socialism in this situation. Having the Government "take over," i.e. nationalize "the means of production, distribution and exchange," is the goal of socialism, on the grounds that the Government will run the companies in the interests of the "people" not the owners or "capitalists," who every one knows are bloated, greedy and selfish. But, nearly a hundred years of experience has shown that the Government has no idea how to run a company and nationalized industries tend to be bloated, greedy and selfish, while modern capitalism is lean, mean and progressive. That's why in Europe most of the Governments have been denationalizing the industries that were taken over 50 years before and were left in terrible shape, and that's not to mention the appalling situation in the former Soviet Union.
Now, I would be the first to admit that GM and the others have been bloated and reactionary, continuing to make great gas guzzlers while the demand is for small, efficient, environmentally friendly cars such as electric cars. And there is a need, short of closing them down, for them to change fundamentally. But, whether or not having the Government take them over, as they essentially took over the Banks and the Mortgage Companies (such as AIG), is really questionable. Those who voted for Barack Obama did not intend for him to spend his time designing an improved Chevy.
posted by Jack Cohen at 9:56 AM
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