GM Doing Really Well … Somewhere Else

Executives of the auto industry are embarassing themselves as they go to Capitol Hill with cap in hand asking for handouts.  They talk of financial crisis, economic meltdown and no demand for their gas guzzling trucks and SUVs.

They couldn’t see it coming.

But somehow, their international operations do exceptionally well.  Full story here .

There are a lot of reasons to be suspicious about this bulls**t.  I suspect that most of the plan is to bilk North American taxpayers, remove union jobs and pension liiabilities from their books and hope that North American consumers will continue to buy their cars, regardless of where they’re made.

And the mainstream media is whipping people into a frenzy, making us think it will be the end of the world if we don’t dump piles of cash into their bottomless pits.

Well, it’s not going to work with me.  I personally believe that we should invest that money in new industries like the manufacture of wind turbines or solar panels, but apparently that would make me a dreamer and I might as well be asking for the f**king cure for cancer as well.