Wednesday, July 21, 2010

Knowing Nothing About Cars

...doesn't prevent you from running an auto company. A year ago I opined that Big Ed Whitacre didn't need to know anything about cars to run GM. Today both Michelle Malkin and Dean alerted me to the TARP Inspector General report that shows that the decision to close Chrysler and GM dealerships was essentially arbitrary and counterproductive; but Big Ed is still GM CEO with the full backing of the Shareholder-in-Chief. Dean's commentary is highly recommended. You can read the whole TARP IG report here.

Michelle Malkin points out the most outrageous point on page 33 of the report:

Mr. Bloom, the current head of the Auto Team, confirmed that the Auto Team "could have left any one component [of the restructuring plan] alone," but that doing so would have been inconsistent with the President's mandate for "shared sacrifice."

In other words, concerns over social justice, rather than the most economically viable plan to allow the companies to recover, guided decision making. This will play itself out in the health care arena as all manner of insurance companies and hospitals will be harmed in the name of "shared sacrifice" as Obamacare is implemented. This is more than mere justicialism, it puts squarely on the road to socialism as the economic basis of free enterprise is destroyed.


  1. B-Daddy, thanks for the link.

    An embarrassment of incompents.

  2. Thanks for the link! And now on with the comment.

    No way, dude! This is Justicialism at its finest! They're controlling industry and forcing it to perform unnatural acts of wealth redistribution.