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Remind me one more time...

...why did we bail out General Motors?
Under this "bailout" plan, GM is remaking itself as a corporate entity that employs fewer Americans, produces fewer cars in the U.S. and sustains fewer communities – effectively undermining the core arguments that were made in the first place for providing bailout funds to the company.

Instead of building itself back up as a great American manufacturer – with new approaches and better ideas for reconfiguring U.S. plants and retraining U.S. workers – GM has used the federal money to offshore its manufacturing operations and downsize its U.S. distribution network by pulling out of inner cities and small towns.

That, and also pay for commercials that tell everyone how Chevy is better than Honda or Ford. Because as we all know, it's not building better cars that's important, but making people believe you're building better cars - even if they're pieces of crap.

November 18, 2009 in Current Affairs | Permalink

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