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"the threat of federal legislation to deal with the closures"
Because in government, all of those on the left and many/most of those on the right believe they know what is best and can manage ANYTHING (auto company, health care, retirement savings, etc) better than any of the helpless rubes (aka citizens / voters) outside the federal government.
Sadly most in America want government to control more and more -- and government is glad to oblige.
Most folks just are not too big on liberty and personal responsibility. Nor do they want to tolerate any level of pain or consequence to their personal actions -- which has been manifestly evident over the past 20 years or so. They love being an entitled victim and demand government "do something" about it. Pathetic.
automobile dealerships = huge campaign contributions
These stupid fucks never learned what GS always knew. Use the government to kill your competition so you have a monopoly
...Most folks just are not too big on liberty and personal responsibility. Nor do they want to tolerate any level of pain or consequence to their personal actions...
The banksters have taught the people well.
This problem with most Americans pre-dates the banking crisis by many years.
While understanding this site has singular focus on crucifying all things banking, the combined contributions of government and borrowers to the mess equal or exceed banks / lenders.
You nailed it. Period.
Farmers, oil companies and many other industries have had Congress act as their tits for more than 20 years.
could you please write on something non-automotive???
why? Since the blog exists (since the early days on blogspot), Travis has always written about cars (and some other stuff). And although I can't really get rid of the feeling that some of his writings are hidden advertisements, I like them nevertheless.
+1 Travis. Write whatever you want. I enjoy your edge, and appeal to the consumer in all of us.
I'll write about anything you'd like- as soon as you stop commenting under "Anonymous." As for everyone else- thanks for reading as always... and have a great weekend!
Rite on Travis!- Right?
Since you're taking requests.
Not sure if youre interested.
Tons of loans/tax exemptions/investors and still no production vehicle to sell. Worth looking into.
I see it as the initial stages of bloating of government agencies.
ONce a government bureaucracy is created, to survive and thrive the bureaucracy continuously lobbies to expand the fiefdom and scope of power.
The 660+ dealerships are natural choices for immediate expansion.
The various kingdoms in central northern Europe continuously did this, expanding the ranks of votchina, pomestie and husaria to increase the number of cavalry horses and equine estates to increase the dependency of the elite landholding classes to the crown.
The question if these new GM servitors are gaining heriditary or single lifetime grants from the crown is yet to be answered. We will know in the coming months as the death tax comes up for renewal. If Obama does return to pre-Bush tax laws and increases income taxes on those making under $250000 a year, most of these dealerships will go under when the current generation of owners/corporations retires/dies/merged in the next few decades.
The various kingdoms in central northern Europe continuously did this, expanding the ranks of votchina, pomestie and husaria to increase the number of cavalry horses and equine estates to increase taxable estates, and increase the dependency of the elite landholding classes to the crown.The question if these new GM servitors are gaining heriditary title or single lifetime grants from the crown is yet to be answered. We will know in the coming months as the death tax comes up for renewal. If Obama does return to pre-Bush tax laws and increases income taxes on those making under $250000 a year, most of these dealerships will go under when the current generation of owners/corporations retires/dies/merged in the next few decades. Lord only knows there is no historic concept of contract law involved here, we could just as well see Democrat politicians and union bosses divvy up the GM dealerships as war booty towards the end of Obama's term.
Mises Daily: Saturday, December 15, 2007 by Henry Hazlitt
[This essay is taken from Chapter 24 of Man vs. The Welfare State (1969).]
I guess Congress figures, they're not done launching torpedos at Toyota
Congress isn't competent enough to know how to push the button. Toyota is doing it to itself.
reservations now being accepted...
Travis, what's up with this? Fake?
No, deliberately editing to get the story you want. The MSM is all kinds of phucked up like this. I have asked everyone I know if they have either been in or witnessed this unintended acceleration phenomenon, or if anyone in their social circle has. So far, not one yes answer.
This is complete BS, just like Audi was.
"The White House has opposed the legislation over concerns that it could hurt GM's and Chrysler's efforts to rebound from their government-led bankruptcies."
Translation: we don't want any mandates that will cost Cerberus Capital any dough while they continue their bust-out operation.
White House was not against the legislation. The political calculus was it could say it is against the legislation (to help hide its massively leftist tendencies) because it knew GM would change its decision on the 600 car dealerships. It knows this because government runs GM [recall how PresBO single-handedly had the CEO removed].
The White House knows how to play the cards.
The vast majority of terminated dealers were republican donors. Majority of those retained, democratic donors. It's in the public domain.
Majority of dealers are independents, effectively costing GM and Chrysler nada (Ward's Auto/Dealership Reports)
All politics. Just like US owned GM mentioning that problem of recent recall was linked to Toyota suppliers.
Made no economic sense to close the dealerships originally; traditional Chicago style politics at taxpayer expense.
until you're re-branded.
Hey remember that old car company, Chrysler?
I wonder what happened to those guys.
Fix It Again Tony bought them out.
So tell me where in the UNITED STATES CONSTITUTION does it say the government should buy or prop up private companies? Where does it say about the government closing legally held private companies/business franchises?
SHOW ME THE LAW!
There ain't one, so build a bridge and get over it. TIC [Tongue In Cheek].
Will you people quit whining? The people need someplace to buy thier Zaporozhets.
"We only wounded it. And now it's angry."
Whoops. Never mind, the taypayer will cover everything!
All Car Companies should have came forward with a full disclosures of what car were dangerous. Instead of waiting for a huge media blitz and tons of public pressure. I never seen so many car companies GM - NISSAN - TOYOTA - HYUNDAI having recalls all at the same time. I had no idea my car was affected until I looked on http://www.carpedalrecall.com and found I had a bad Anti Lock control unit on my 2008 Pontiac G8 , my co workers Ford Truck had a recall also. So be careful
I watched both these Hearings and I must say I am disgusted !
This was clearly nothing but a persecution of competitor of the now government owned remnants of the american car industry. Sheer desperation. So, things must definitely NOT look good for GM & Chrysler.
Furthermore, the hypocrisy is beyond any words :
in the third panel of the "government oversight" hearing they had a female literally crying because she lost some family.
However, a week or so before the hearing, America killed some two dozen Afghan civillians. Where are the hearings their relatives can cry ?
If an american is killed in a Toyota, all congressional hell breaks loose, if Afghan civillians are killed by Americans, nobody cares ! Seems Afghans are not human beings !
I wonder whether americans have any idea how this is perceived outside the US.
This government launched witchhunt against Toyota is getting old. Now GM announces that they are going to save the world from collaspse? Give me a flippin break! Lets talk about the thousands of Saturn, Oldsmobile, Hummer and Pontiac Stores that are closing and never re-opening because they discontinued the lines? Maybe they need these 600 dealers to take the place of all these lost franchises. GM is a total joke! For years they lost money and turned their head the other way. Back in its hayday you could call the GM Headquarters in Detroit and ask for the president of headrests? Do you know what they would say? Which side, the drivers or passenger? They layered their company with so much fat they totally sucked every dime out. So this is why they deserved the bailout because they were such good business people and looked out for their employees? I didn't think so.. The UAW is the reason taxpayers now own GM! They bullied a weak socialist into believing the whole auto industry would collaspse if they went under..So much for Capitalism in America. We all know the Unions have offices in the White House so even if if is a total waste of taxpayers dollars they will spend the money every time to bail them out. Obama needs to worry more about the people then the Unions! GM will come back to the trough again and again until we finally say enough. They build a great car however they run their company like our govrnment runs the country... In the ground! When they are done publicly stoning Toyota for their own gain and realize how much business they have cost to State revenues, part manufacturers and Toyota Dealerships they will wish they had taken a more reasonable approach! Does anybody know what Toyota did last year to their employees in San Antonio when they stopped Tundra production due to oversupply? While GM and Ford laid people off Toyota sent their employees out into the community and did community projects like cleaning up parks to painting over graffiti at the underpasses. Toyota is more American then GM is now! They produce more vehicles in America then GM does and while GM was busy trying to corner a market in China, Toyota picked up the slack in America and built the plants to employ the people GM and Ford were laying off. They better start realizing how much impact Toyota has on 100's of thousands of Americans before they cost them their jobs as well!
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