• February 13, 2012

general motors

Obama being “General Motors” of course: “DETROIT — General Motors says it will discontinue Hummer after its bid to sell the brand to a Chinese company failed.” Some friend China is… [AP]

HOORAY! Says the CEO of the now-bankrupt General Motors: “The GM you knew, the GM that let so many of you down, is history.” Stocks are just cold going nuts, Dow up 215+ at the moment. [Marketwatch]

Wow it’s morning so that means Barack Obama is giving televised remarks about the latest failed giant business he’s buying us for Ramadan. General Motors! “The collapse of these companies would’ve been devastating to America,” etc., yes we know, “and it would be good for American workers and American manufacturing and good for America’s economy” [...]

Ever get the feeling that your country has become one of those places where this kind of thing is always making it to the nightly news in rich countries? [Political IQ]

Turns out there are some occasional consequences to keeping your failed industry afloat on a sea of free money from the government. General Motors’ CEO Richard Wagoner found out about that, today, when he was fired — excuse us, “resigned.” Barack Obama went on some teevee talky show this morning to complain about Detroit and [...]

America, meet your new presidential limousine, this scary-ass legoland 100-foot-long bumper boat. It is a General Motors Cadillac!