Sunday, June 7, 2009

Government Motors

My worst fears about the government "bailout" of Government Motors have already been realized. As part of the bankruptcy, GM (and the experts appt by the government) selected a facility for closure. Presumably, it was redundant and/or a high cost facility.

Alas, the facility was located in the same district as Barney "I ruined our financial services industry" Frank. After one call from Barney, the place is not going to close.

As bad as GM has performed over the past 20 -30 years, it will only be worse if business decisions are made for "political" reasons.

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