An Escalade Hybrid for Everyone

Posted by therightscoop in Politics on Jun 3rd, 2009 | View Comments

Let’s start with a quote from the past:

In this context, my administration will offer General Motors adequate working capital over the next 60 days. And during this time, my team will be working closely with GM to produce a better business plan. They must ask themselves: Have they consolidated enough unprofitable brands? Have they cleaned up their balance sheets, or are they still saddled with so much debt that they can’t make future investments? Above all, have they created a credible model for how not only to survive, but to succeed in this competitive global market?

Let me be clear: The United States government has no interest in running GM. We have no intention of running GM. What we are interested in is giving GM an opportunity to finally make those much‐needed changes that will let them emerge from this crisis a stronger and more competitive company.

This was on March 30.  Now, as GM enters bankruptcy, we are about to sink another $30 billion in GM, for a grand total of $50 billion.  So many people will lose their jobs and we are going to waste more money into a company that can’t turn a profit.

So it got me to thinking, could we have spent the first $20 billion better?  I’m not a business analyst, but in a free market system where sales are what makes a company successful, it would seem that instead of just giving GM the money to do who knows what, why not buy all 235,000 full time employees a fully loaded Escalade Hybrid at full price?

Talk about all of the manufacturing that it would take to produce all those vehicles!  Plus, it’s an investment in Green!  Green I say!

But that would reinforce the capitalistic system, making CEO’s all the richer and padding the wallets of the higher ups with evil bonuses.

I’m not saying that would fix GM, but we would at least know somebody got something for our hard earned $20 big ones.


Recent Posts:

blog comments powered by Disqus