Government Motors/GM - Verdict = The government/big business think that we’re stupid.

Verdict = The government/big business think we’re stupid.

For the past several months I’ve pretty much sat in disbelief at some of the stuff the government/ big business have been doing. It is like they think that we are clueless. What they are doing is pretty much thievery at worst and corrupt at best. In the lastest round of nonsense, I heard that the government of Ontario is taking a 2% stake in Chrysler. I reread it cause I thought they only did this stupidness in the US. Nope I got it correct, the government is now in the business of owning/running businesses. They can hardly run the province efficiently and here they go trying to help.

Why am I so opposed to this you ask???? Chrysler and GM have a long history of LOSING MONEY. They have not be profitable in years and years. Why aren’t they profitable? Because they aren’t very good at running their businesses and no offence to anyone that owes one of these puppies…. They aren’t the most attractive cars in the world. All the cars seem to all look like a box. Volkswagen, Honda, Toyota won’t go out of business/ or bankrupt because they make products that are in demand within society. GM/Chrysler are not in touch with the times and as a result nobody (not many) wants to buy their vehicles.

Lastly what will the government bailouts/investments do for these companies….It will buy them time, oh ya and it will save those jobs. I turned on the TV this AM and the CEO of Chrysler was squawking about how if their company went out of bizness then 38000K jobs would be at risk. So essentially the government is providing these companies money to stay open/preserve jobs. So are they betting that in 5 years GM/Chrysler will start making products people want/ and start making money? Cause this just seems like a BAD INVESTMENT. And the people of our generation are being fleeced- this makes me quite upset.

I was reading that 90% of people think this is a mild recession. Newsflash the way we are going we will have to deal with a worst situation in 2,3,4 years because companies like GM/Chrysler will be having even worst problems. This is a temporary bandaid and not a fix and it will only serve to make things worst down the road.

My solution??? Let the bad companies fail and let the good companies replace those… that is the way an efficient/growing economy works. Will it be painful??? Yes it will but it will provide the basis for a strong recovery. The route we are going now will provide a slight recovery but in a few years I have a feeling that todays problems will look like child’s play. I hope I’m wrong!!!!