Friday, August 17, 2012
Let GM fail this time
Looks like GM is on track to go bankrupt, yet again. But that's what happens when you....
1: hand over the company to pot-smoking, alcoholic union retards who don't know the first thing about running a company. All they know how to do is use union threats to extort $100,000 a year from their employer to operate a rivet gun.
And 2: give them billions of other peoples' money and have them build stupid, politically-correct electric cars that nobody wants to buy, rather than find out what the consumers want and build that.
This time around, there should be no bailouts. Let the bankruptcy take place according to existing laws, get rid of all union contracts and entitled union workers and let the labor market dictate what those jobs are worth. Then think about building cars that consumers want to buy.