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  • Bailoutapalooza - BSificator -Sorting Through The GM Bailout Spin

    Posted by Andy on November 17th, 2008

    I was running to the postoffice today to mail our monthly bookkeeper docs (ahem: something we used to be able to just send out in our normal mail before September 11th. Yes, rather than go piss off any ACLU lawyers or defend this flipping country from terrorists, American citizens have to be incredibly inconvenienced and forced to go hand a package directly to a postal worker if it is over 13 ounces. The shear fact that we would make anyone go deal with the post office…..). 

    Stay on target AAA!

    OK.

    Anyways, on the way there I caught part of Hannity’s show and he had on someone blabbing on about how we need to do the bailout and if Republicans try to force the Bog 3 into Chapter 11 all hell will break loose. I think it was Pat Buchanan, but I am not sure. 

    Anyways, the spin from which ever blowhard DC bailout the failures pundit was just completely devoid of any capitalistic common sense. 

    The punk said that if GM goes Chapter 11, then people won’t buy their cars. They will be too afraid of hhaving them serviced or be able to find replacement parts. 

    OMFG!!!!!!

    Get out of the goll darn socialistic media green rooms for one damn second and come on out here to mainstreet. 

    You don’t have to take your car to the dealer for service. And you can get parts all over the place from various manufacturers. 

    Most importantly, not many people are buying cars right now anyways, what with the bleeping economy in the crapper and the prospect of President green jeans and his band of mass transit pushing, truck hating, let them eat cake Democrats threatening to stop any and all oil exploration. 

    It isn’t like people will go and buy a car tomorrow if we just throw a few billion dollars at the Big 3. 

    AAA you are losing it, that vein on your forehead is starting to show signs of a pulse.

    OK, back to the point of absolute stupidity of the pro-Bailoutapalooza punk I heard on the radio. 

    His claim was that if GM goes Chapter 11, they’ll go Chapter 7 and cease to exist. And that people will not be able to get replacement parts like Transmissions in 3 to 5 years.

    First that is just BS fearmongering. And second it is completely devoid of any capitalistic fact. If GM does dissolve and disappear, do you know what some aspiring person is going to do if there is all of a sudden a big glutton of GM cars that need new transmission or axels, or whatever? 

    Do you know? Now I know that watching the media and listening to politicians and pundits will pretty much lleave you with the impression that members of Congress are the only ones who can possibly run a business or American industry, but they can’t and most of them have become politicians because they have been disasters in private industry and needed a steady pay check. 

    No, if GM, or Ford, or Chrysler ends up going away and the factories are sold for scrap, do you know where people will get the parts to fix them years down the road? 

    Either from the existing parts manufacturers who make parts for just about all automobile makers out there. 

    OR

    Someone will buy the old GM plans or god forbid parts factories and start building the parts so people can buy them. 

    It is called bloody supply and demand.

    If people need transmissions, by God someone will make them. 

    Good fricking gravy are DC politicos absolute morons. It is clear to me that these people are hell bent on destroying our economy. They want to leave nothing standing, and prop up those industries and corporations that need fail (IE learn from their mistakes so they never commit them again and adjust their business model). 

    I think I had better go take myself to the hospital before I have a stroke. Honest to bleepidy duping goodness are Americans getting absolutely stupid right now. 

    I love my GM truck, by by God let the damn company fail.

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    3 Responses to “Bailoutapalooza - BSificator -Sorting Through The GM Bailout Spin”

    1. Bailoutapalooza - BSificator -Sorting Through The GM Bailout Spin | www.business-on.info Says:

      [...] See original here: Bailoutapalooza - BSificator -Sorting Through The GM Bailout Spin [...]

    2. Work At Home Online Says:

      [...] Bailoutapalooza - BSificator -Sorting Through The GM Bailout Spin [...]

    3. J. Ewing Says:

      Something you may be missing in all of this is that GM, et al were not completely free agents of their own downfall. They have ridiculous union contracts, protected by powerful political interests, and they have a huge amount of regulation thrust upon them as to what they produce and how they produce it. Supposedly the contracts add at least $2500 to the price of the car and environmental regulation adds at least $1000 more. Add in a high corporate tax rate, and you have created a highly uncompetitive situation. GM can be blamed for some of it, no doubt, but the government bloodsuckers trying to “fix” it bear a large portion of the blame as well.

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