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Wednesday, June 3, 2009

Info Post

Now that the government has entered the car business *COUGH* Epic Fail *COUGH*, I have a few questions for Obama and Congress.
  1. In light of Republican car dealer's complaint that they were politically targeted, what safeguards are going to be put in place to prevent using GM for political payback?
  2. What safeguard will be put in place to prevent government run GM from unfairly competing against Ford and the transplants?
  3. At what point would the government cut its losses should the new GM continue to fail?
  4. Should GM become profitable, what guarantees are there that the tax payers would be repaid, rather than the government spend the money on something else?
  5. Should GM pay off all of its obligations to the tax payer, what is the plan to return it to the private sector?
I pretty much know that none of these questions were ever asked during this sham bankruptcy proceeding. It appears to me that the entire bankruptcy was designed to keep GM as a permanent government fixture from the get go. So now we are stuck with a new money pit. GM, meet Amtrack, Amtrak, GM.

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