From today’s Detroit News. Manny Lopez’s expresses surprise in his column:
Treasury Secretary Timothy Geithner actually said on Wednesday that the Obama administration wasn’t getting involved in management decisions at General Motors Corp.
"It’s a difficult balance. Our objective is to make sure we help facilitate a restructuring that leaves this firm in existence. … We’re doing exceptional things to make that possible. But I do not believe we can do that and also be involved in making decisions about how they run their business," he said.
Tell that to Rick Wagoner.
Or the guy who changes oil in the service department — at any of the nearly 2,000 auto dealerships that are losing their franchises at GM and Chrysler LLC — whose job was just eliminated because the government says the Detroit automakers weren’t making cuts fast enough, regardless of whether they were.
The absurdity of the statement both enrages and enlightens — again.
Make no mistake, the Obama administration is actively involved as is the president regardless of the denials coming from the White House.
You know how to tell if Mr. Tax Cheat (TurboTax made me do it) Geithner is lying? His lips are moving.
"I do not believe anyone did what you suggest," Geithner told Sen. Jim Bunning, R-Ky., when he asked if the administration had threatened secured lenders to get them to forgo their legal claims to money, despite unsecured lenders like the United Auto Workers getting far better deals.
So, like another recent president, I guess it depends on what the definition of is, is.
While we’d all like to believe that coercion and intimidation is absent from politics and especially from the office of the president, do they really take us all for fools?
The rubes (that’s us) outside the beltway could never see that GM and Chrysler are getting leaned upon by the White House or that business decisions are being made by bureaucrats.
No Manny, some of us have pointed this out for years (decades on my part) and just wondered why it took so long for the government to realize that it had properly conditioned the public (through state imposed indoctrination (i.e. “the public education system”)) to passively accept the dismemberment of the Constitution and the imposition of United Socialist State of America government.
Clearly, the domestic auto industry wasn’t going to survive without help and it willingly accepted the government’s largesse.
That’s crap. It’s not (or wasn’t when we were a free people) the government’s job to choose winners and losers. Inevitably government chooses losers, if for no other other reason than the corruption intrinsic to government decision making and the propensity for losers to exploit it. See your file labeled “Detroit” for explication.
But that comes with high costs, not the least of which is taking orders from people whose sole automotive experience comes from sitting behind the wheel of a sedan.
If there is one thing that is evident, it is that the government is involved and that it relishes its role in control.
This is true for every sector of the economy over which the government has taken (or will take) control.
Mikhail Gorbachev noted that he knew the USSR had failed when it’s supreme governing council was reduced to arguing over the national allocation of women’s panty hose. I wonder when Obama’s government will reach that point?