Whats good for GM?

Discussion in 'Current Events' started by Navy1960, Jun 2, 2009.

  1. Navy1960
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    Navy1960 Senior Member

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    The story of General Motors is in many ways the story of America. In 1953, at the peak of its dominance, its President Charles Wilson declared before Congress that what was good for the country was good for GM and vice versa. Edwin Black’s award-winning book Internal Combustion quotes his exact words when during a Congressional hearing Wilson was asked whether he saw a conflict of interest in his becoming Secretary of Defense: “I cannot conceive of one." replied Wilson, "because for years I thought what was good for our country was good for General Motors, and vice versa. The difference did not exist. Our company is too big.”
    History News Network

    On April 27, 2009, amid ongoing financial problems and restructuring efforts, GM announced that it would phase out the Pontiac brand by the end of 2010 and focus on four brands in North America: Chevrolet, Cadillac, Buick, and GMC. It also announced that the resolution (sale) of its Hummer, Saab, and Saturn brands would take place by the end of 2009 at the latest.[7] GM had previously eliminated the Oldsmobile brand earlier in the decade for similar reasons.

    General Motors - Wikipedia, the free encyclopedia

    For 77 years in a row GM was No. 1 in car sales until recently passed by Toyota. This is the company that built the B-24 Liberator bomber during WW2 and countless items that helped win the big War. It is also the company that helped develop missile technology that is currenlty depolyed today. So the saying as GM goes so goes the nation is not far off. With the downfall of this once great company we are seeing the effects not only at the plant level, but think of all the small towns across this nation that employ countless thousands of people that are suddenly without a future or a way to earn a living. Who do you blame for this? who's to blame? Is it the mean old Republicans that everyone seems to think is the cause of everything from swine flu to the latest team not winning the Super Bowl. or could it be that through short sighted operation, an inflexible Union, lack of product development, and massive Govt. regulation on the auto industry this company was brought to its knees? It is now poised to sell the Hummer Brand to a Chinese company, yet another American brand to become a Wal-Mart import, pardon the pun there. So the result here is what? The same Govt. that was a factor in the demise of this company as well as the UAW that was also a factor come out owning the very company they helped destroy. While the stockholders in GM get nothing, oh you know them the stockholders those so-called wealthy teachers, police, and american working people who bought GM stock. Had this company been allowed to go into Backruptcy earlier , rather than now, perhaps we would not have has to spend several billion dollars of taxpayer money for nothing and an additional 50 billion more for a car company that we all own but have no shares in. It's a sad day indeed for this nation when the US Govt. goes into private business and I see nothing but utter failure from this. My commendation goes out to Ford for its ability to stay the course and eventually end up becomming the ONLY American car company left.
     
  2. Fraulein Hilda
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    Fraulein Hilda BANNED

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    Nice post. I see it as a patriotic act not to patronize Government Motors.
     
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  3. Navy1960
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    Navy1960 Senior Member

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    Frankly I would not be very surprised if your feelings were not shared by many, if this is the case then it does not bode well for the new GM. It would serve their best interests to get this company as quickly as possible out of Govt. hands as fast as possible even if that means selling it to the dreaded Honda's and Toyota's of the world.
     
  4. Annie
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    Annie Diamond Member

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    There was a time. Just like steel industry. They missed the open window, even when the door was wide open.
     
  5. Navy1960
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    Navy1960 Senior Member

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    Speaking of the Steele industry Annie, I heard recently that one time largest Steele mill on earth was converted to a casino recently. I have since forgotten where I had heard this, but if true then it does give people some idea as to the terrible state of decline in which our nation has fallen into. Now this is not a slight against Casinos mind you, but I doubt seriously if once can construct a Sears Tower with the Blackjack chips at that very same Casino or build ships or build communities and lives with it.
     
  6. Annie
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    Annie Diamond Member

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    I cannot speak ''authoritatively" as I don't know enough about it. My dad was a salesman for steel, Bethlehem and USS in their days, but I was a toddler. He cursed their inaction towards retooling, when Japan & Germany were competing via the Marshall Plan. Eventually he ended up with specialty steel, meaning military grade. He did alright, but knew we, meaning the US, were selling short an industry that we should have owned. Mind you, going back 35 years at least.
     
  7. Navy1960
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    Navy1960 Senior Member

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    I completely understand Annie, its no different with many American Industries, the textile industry suffered the same fate as Steele and many others are following. The American auto industry is yet another example. We will soon be a service based economy with little or no domestic industry and basically import every product that is needed here. Our country as gone so far as to outsource its own domestic food supply in the name of ever increasing profits. While i can understand to some degree why companies cannot compete here with the heavy handed regulations that make it almost impossible for industry to thrive, it would seem that Americans would one day wake up to this fact before it's too late.
     

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