But Government Motors Is Doing Just Fine!

We’re sure there’s a perfectly good reason for all of the recent mass executions in Government Motors’ management, because we all know that Ogabe stiffing the creditors of GM and then making a big Christmas present of the company to his buddies in the UAW (paid for with our money) was the smarterest, most savviest decision ever made, plus It Saved The U.S. Economy From Certain Carmageddon™!!!1!!!!!!1:

It’s not that people are leaving GM. It’s how they leave. Two weeks ago, Opel chief Karl-Friedrich Stracke presented numbers to Dan Akerson. Akerson fires him. Opel gets two interim chiefs in a week. Last Thursday, Opel’s new design chief Dave Lyon doesn’t even start his job. Today, media in the U.S. and Germany report that Lyon had been escorted from the building and to a waiting car by GM’s head of personnel. A day later, global marketing chief Joel Ewanick suddenly leaves. Instead of wishing him all the best for his future endeavors, GM spokesman Greg Martin puts a knife in Ewanick’s back: “He failed to meet the expectations the company has of an employee.”

Yep. Definitely “doing just fine.” Solyndra-style. We suspect that the phone lines are red hot between Government Motors and the White House right now as they try to find a way of not breaking the bad news until, say, late November.

And if you, too, are envious of the smashing success that is obviously Government Motors, then fear not. Just vote for Ogabe in November, because as he said himself, you’re next:

“Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.”

Which is obviously Taken Out Of Context™ because shut up. Racist!

Thatisall.

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lc purple raider
lc purple raider
August 13, 2012 00:17

Yep, Obama put a Band-Aid on the spurting cartoid artery that is GM.

My only suprise is that it took this long to hemmorage.

August 13, 2012 02:07

I do love my ’02 Blazer. Never given me any problems except needing two new batteries and replace a cracked windshield since I bought it in ’04. Had 25k when I bought it and it just turned over to 50k. I’m planning on keeping it another 5-7 years.

Bones
Bones
August 13, 2012 06:57

Pity that the Obongo regime destroyed GM. Wife wanted a new car and was looking at Chrysler and GM’s stuff. Told her not only no, but f**k no. Told her ford (didn’t like anything) or any foriegn, she picked a mazda. Great job government motors, lost another family of customers for at least 3 generations. HOPE your business model doesn’t… Read more »

single stack
single stack
August 13, 2012 07:20

My ’04 Chevy Malibu is the best car I ever owned. It had 43,000 miles when I bought it in ’08 and it just turned over 228,000. Other than regular maintenance and a windshield the only thing done to it was a fuel pump at 150,000 miles ($500-ouch). Once the communists are replaced by the capitalists and the capital strike… Read more »

dasbow
dasbow
August 13, 2012 07:43

single stack @ #:

If GM ever makes a product that I want, I’ll buy one used from a foreign dealer’s lot. I get a car, a GM dealer doesn’t get my money: Win – Win.

Mark12A
Mark12A
August 13, 2012 07:52

I’m definitely in the “Corvette” demographic right now. Sucks that it’s a GM product. I’ll make do with a new Z-car from Nissan. We had a GM sales rep at an organizational open house and I flat told him I wouldn’t buy a Government Motors car, regardless of the deal. He sighed and told me he’s heard that a lot… Read more »

LC FX Phillips
LC FX Phillips
August 13, 2012 07:59

Meet the “new” GM. Same as the old GM. Apparently when you are the government and you own a car company you can sell the cars to yourself and count them as “sales”. In order for the GM “investment” to break even is if the market value of the shares has to reach $53 . It is now worth about… Read more »

LC Gladiator
LC Gladiator
August 13, 2012 09:01

Worst president in U.S. History and by far the most embarrassing! We got what we voted for! An inexperienced community organizer that only knows how to blame others, has no respect of this country and is doing his best to destroy what this country has stood for the past 200+ years! God help America!

single stack
single stack
August 13, 2012 09:14

dasbow @ #:

At this point I want GM to fold. It’s a corporatist (as opposed to corporate) entity that is being kept alive by money literally stolen from investors for the benefit of a criminal syndicate. If GM folds it will free up capital that can then be put to productive use.

Elephant Man
Elephant Man
August 13, 2012 09:15

I guess the moral to the ‘Gub’mint Motors” debacle is:

When buying a new car, “look for the union label” and when you see it, run. 😆

Kristophr, LC
Kristophr, LC
August 13, 2012 09:54

Chrysler is doing just fine because the group that owns Fiat bought Chrysler’s assets and intellectual property … and proceeded to fire everyone who was not useful, and moved factories to places that were not run by Demo’tards.

GM will not recover until adults are allowed to do the same to it.

LC Proud Infidel
LC Proud Infidel
August 13, 2012 10:12

In the meantime, has anyone seen the new ads for the Chevy Volt? They’re gonna be called “Chariots of Fire!! Now that more and more GM parts are being made in China, maybe GMC will stand for “Gong Moo Chang” instead of “Gotta Mechanic Coming” or “Garage Man’s Companion”! I just hope that Fiat is going to market better cars… Read more »

IgnatiusHood
IgnatiusHood
August 13, 2012 10:26

The part of this that just kills me is the fact that by bailing out the UAW they actually set GM back five years but didn’t solve the problems of labor costs and inefficiency within GM that were a major reason for the trouble. If they had been allowed to go bankrupt they would have been protected and allowed to… Read more »

Terrapod
Terrapod
August 13, 2012 10:37

Culled from the Des Moines Register concerning his 7 city IA bus(ted) tour: “Whether a snark and bark bus tour will help Obama at this time is unclear.” Could not have said it better myself! Oh, and as to GM, used to be a regular customer for thier products, but that ended with the screwing of the shareholders. We are… Read more »

Igor, Imperial Booby
Igor, Imperial Booby
August 13, 2012 10:41

Body by Fisher. Paint by oxidation. Bankruptcy by The Smartest pResident Evah™.

I weep for Corvette, otherwise I’d like to shoot holes below the waterline and watch it go down. Oh, wait…

Elephant Man
Elephant Man
August 13, 2012 16:33

It should be noted that the federal government took a lot of GM stock instead of cash as repayment of the bailout. Treasury: U.S. to lose $25 billion on auto bailout GM stock is now worth less then half of what is needed to recoup the taxpayer’s money. At the end of this article, it’s pointed out that George W.… Read more »

LC Sir Clambake, Imperial Black Ops Technician, K.o.E.
LC Sir Clambake, Imperial Black Ops Technician, K.o.E.
August 13, 2012 17:29

Always been pretty much a Ford man anyway, and I say again, as I said then, if it is too big to fail it won’t. If it does, it wasn’t. Chapter 11 would have potentially saved GM honorably, and possibly taught them a lesson about how communism doesn’t work.

And this is how Kings are made. :em02:

Cougar1978
Cougar1978
August 13, 2012 20:40

I prefer Ford, and I own a Ford Fusion SE…..

Suck that, Chevy Volt- which is a Pinto with a Computer…..

Kristophr, LC
Kristophr, LC
August 14, 2012 11:08

Elephant Man @ #:

Actually, this was Bush’s fault, and I blame him for this.

He showed the Socialists how to sell nationalization to the American public with this auto “bailout” and the TARP bank “bailout”:

Make an industry take money at gunpoint, and then claim ownership. This is exactly how the Mob “buys” control of businesses.