Congratulations, my fellow Americans, we now own a majority stake in a failing, non-competitive, higher-cost base, poorer quality product producing company. All hail sustained mediocrity! For only $50 billion of your dollars, you get cars you do not demand similar to this rather than quality automobiles that fit your lifestyle such as this and this. If the majority of Americans actually wanted to buy mini deathtrap super fuel efficient cars, there would be no need for CAFE standards because the market would dictate the need for those types of cars to be produced by voting with their dollars!

Senior administration officials, who declined to speak for attribution, said the U.S. government will be a “passive” investor but will oversee operations at the new GM because “the taxpayer will want us to.”

Oh what eloquent doublespeak from The Party! “We’re not going to be involved, except that we are. We hope you only read the part of the sentence that makes your ears tickle because we think you’ll all a bunch of morons.” When were you asked whether you wanted the federal government, to “oversee operations at the new GM”? I wasn’t asked whether Rick Wagoner should be fired.

Not one of President Obama’s senior economic advisers could or would venture a guess as to when taxpayers would see a return on the massive, White House-engineered investment.

“We’re not here to predict,” a senior official said when asked about any timeline for taxpayer payback.

Because the administration never makes predictions, does it? Or maybe they’ve realized we’ll know their “prediction” only means they are only making numbers up to suit their cause because there is no plan to payback this American taxpayer. Take this “prediction” on the deficit:

Image via Gateway Pundit, who points out “Barack Obama will quadruple the deficit this year”.

What about another prediction, the supposed effect on unemployment if we didn’t pass the “emergency stimulus”

Oh wait, that wasn’t true either. Unemployment is trending right on the projected line as if there was no “recovery plan”.

Let’s face it, the words of this administration cannot be trusted, which is what has led the Russian online newspaper Pravda to openly mock us:

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

Good luck GovMo.

Ford will destroy you, if you don’t regulate it out of private existence.

Comments

  • http://blog.privatefleet.com.au/2009/06/19/whats-happening-at-holden/ PrivateFleet Holden

    The Australian arm of GM – Holden looks like it’s going to escape the fate of its parent company. A $150m ‘green car grant’ helped and now it’s just been announced the Aus government are extending a $200m line of credit.

  • Whodat

    I’m not so negative ’bout GM being
    Run by our Governmnt,I see savings;
    ‘Cause now GM nneds no tax lawyers
    And the IRS won’t watch misbehavins

    So, no need for gum shoe agents who
    Pour constantly through GM books,
    No need for audits or even receipts
    Cause d’crooks be watched by crooks

    Whodat sees economies of smell

  • kristen

    Can anyone see Obama in one of those ‘smart’ cars? Yeah, I didn’t think so. He’s going to force those tin cans on us while he travels in style via SUV or private jet.

  • Brian H

    Singing….

    I think I’m buying Japanese
    I think I’m buying Japanese
    I really think so.

    I think I’m buying Japanese
    I think I’m buying Japanese
    I really think so.

  • Troy La Mana

    Both GM and Chrysler are bankrupt because they took government money but Ford is still profitable and didn’t take a dime.

    And the Obamanation wouldn’t let either file bankruptcy until the Unions wouldn’t have to suffer any cutbacks. This is the same union that put the Big Three into financial trouble to begin with.

  • http://deleted JE

    GM is just the first of many to bow to the imperial fed govt. Glad you linked the Pravda article…for any who haven’t read it you really should. Someone needed to say it, so sad it isn’t coming from our own country.

    • East of Eden

      It is coming from corners of our country, the problem is, is that the “powers that be” are not listening and have convinced many not to listen as well

  • East of Eden

    Wait..I thought the world was supposed to end if GM went bankruptcy……waiting, waiting…

    Seriously, I’ve always owned a GM car, I didn’t realize that when I bought my latest GM last summer it would be my last.

  • Gil Rice

    Oh, by the way, go to Iowahawk and get a preview of the 2012 Pelosi GTI and pay attention to the accessories available. This may be our car future!!!!

    • http://scottslant.blogspot.com Scott A. Robinson

      Everyone has to watch the Iowahawk video. I put it up on my blog too.

  • Gil Rice

    And they are going to leave 6 of the original board members on and add 6 or more Gummit appointees that has helped put them in the toilet and save this american icon? We’ll see, I guess.

  • fitzwdarcy

    So wait……

    GM takes gov. money and now gov. orders but still declares bankruptcy.

    Chrysler refuses stimulus money and receives the Obama administration’s derision as a result. Chrysler is in bankruptcy. Can someone explain to me why having millions and government oversight and control has made GM ANY better off?