Friday, September 30, 2011

50% Less Likely to Buy GM Because of Bailout

In 2006 -7 GM was rated a stock to BUY in a number of different research documents. Compared to the competing manufacturers, GM was considered an investment preferable to even those Japanese.
That all of it went to shit and I lost the whole nut.
My investment, my responsibility, my loss. No problem.
The common belief is that collapsed consumer confidence froze halted car sales, compounded by the poorly managed loan practices division were the causes that brought the giant to its sad end.
The inefficiency of union extorted pay for non-productive time is a problem that is universal to all of the unionized American manufacturers, so for the collapse I give the unions no blame. Ford, GM and Chysler all had the same for-shit supposed partner in industry.
The way the government came in and put the unions ahead of preferred creditors was an unconstitutional gifting of personal property to a union (socialist) organizations. The government acted in an extra-constitutional manner and there are nothing but faceless bureaucrats left to blame. There is no person to complain to. There is no personal or party to sue for recompense. We are left only with the power to vote out a President that has shown NO respect for the private property of those with which he is not aligned.
I do own a Chevrolet, a 1953 3600 pickup truck. A thing of beauty that smells like my grandfather's farm.
I will never, never, ever purchase a new GM vehicle.
I will never, never, ever purchase a used GM vehicle newer than a 2008 model.
When I make a commitment to boycott, it sticks, Exxon is a station I always pass.

This article speaks to me, though I am disappointed that the percentage is not much higher.

Fifty percent (50%) of American adults are less likely to buy a GM car because of the bailout. A new Rasmussen Reports national telephone survey finds just four percent (4%) are more likely to buy from the company that critics refer to as Government Motors. Forty-two percent (42%) say the bailout has had no impact on their buying plans one way or the other.

50% Less Likely to Buy GM Because of Bailout







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