Tag: General Motors

Sneak preview of the first car developed by Obama Motors (formerly General Motors)

(Originally published three weeks ago, we felt today would be an appropriate day to rerun it)

It’s sleek. Powerful. And comes with a remarkably fuel efficient ethanol engine. It’s the 2010 Czar Car from Obama Motors.

obama_motorsDesigned by well-known automotive designer Barack Obama, the Czar Car simultaneously protects the environment and the President’s union constituents.

The Czar Car runs on ethanol and gets a million miles per gallon. Once a decade when your gas tank gets low, just pull into the cornfield in your neighborhood and say, “Fill ‘er up.”

The 2010 Czar Car is currently just a prototype, but you’ll soon see if being driven by members of ACORN as they travel around the country performing census duties and counting people who don’t exist in Democratic districts.

Best of all, the Czar Car comes with a lifetime guarantee supplied by the government of the United States of America.

And since it comes from the same people who brought you the Post Office and the Department of Motor Vehicles, we suggest you keep that warranty handy at all times.

Obamanomics: Elevating the circle jerk to an art form

obamanomics, copyright IHateTheMedia.com

Bad news for American workers and taxpayers. That auto bailout isn’t quite working the way they hoped it would.

According to a leaked document, GM plans to sell Chinese-manufactured cars to American consumers as soon as 2011.

Here’s how Fox News reports it:

General Motors is currently the best-selling foreign automaker in China, and Buick is number one brand overall, part of the reason that the nameplate was saved during a recent round of cuts that included the elimination of Pontiac. As an example of the growing influence of that marketplace on the company, the interior of the upcoming replacement for the Buick LaCrosse sedan was designed at a GM studio in Shanghai.

According to the report, GM plans to sell nearly 18,000 Chinese-made vehicles in the US in 2011, with that number rising to over 50,000 by 2014.

The chart above shows exactly what a circle jerk this is.

China buys US government debt. The US government uses that money to bailout General Motors. General Motors manufactures cars in China which it then sells in the United States. Americans buy those cars which gives GM the money to pay back the government which then pays back China.

The end result: The Chinese get the jobs. The Chinese get the money. And the only thing Americans get is the shaft.

Source: Fox News via BluegrassPundit.com

Obama takes control of auto companies, Chavez tops him by taking control of oil companies

"Good work, mi amigo. How about if I take over the healthcare industry next and you take over the media."
"Good work, mi amigo. How about if I take over the healthcare industry next and you take over the media."

Please allow us to talk out loud while we try to make sense of this:

When Hugo Chavez nationalized the oil companies in Venezuela and said he was doing it for the good of the country, that’s bad. But when Barack Obama nationalized the car companies in the United States and said it was for the good of the country, that’s good.

Here’s how CNSNews.com reports events in Venezuela:

The BBC recently carried this headline: ‘Chavez seizes oil service firms.’ The article describes how the president of Venezuela “sent troops to take over companies that provide services for the oil industry.” This is the kind of stuff which used to make headlines, back in the days when it was rare for central governments to take control of private companies. But, these days it passes almost without comment. Chavez didn’t try to couch the takeover in terms of TARPs or Stimulus Packages or Stress Tests. Chavez said, “This is a revolutionary offensive.”

Oh, just imagine the laughs these two amigos will share the next time they get together.

Unfortunately, the laugh’s on us.

Source: CNSNews.com

If this isn’t socialism, could someone please tell us what it is?

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Here’s how General Motors described its transformation into Government Motors in a press release on Monday:

“As a result of its ownership of GM common stock, the U.S. Treasury will be able to elect all of our directors and to control the vote on substantially all matters brought for a stockholder vote. In addition, through its stockholder voting rights and election of directors, and its role as a significant lender to us, the U.S. Treasury will be able to exercise significant influence and control over our business if it elects to do so.”

Just to make sure everyone’s in agreement on the terminology, here’s how Merriam-Webster.com defines socialism:

“Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.”

We can’t help but remember all those commentators who were shocked when Tea Party participants called Obama a socialist.

Source: PlanetGore

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