Have You Seen The New GM Commercial?

Filed in Gather Money Essential by on June 3, 2009 0 Comments

Only the government would think it’s right to put out a commercial about what a company is going to do, rather than on what it has already accomplished.  I don’t know about you, but this does not make me more inclined to buy a GM car.  It reinforces the idea that our government knows nothing about business nor does it understand wise expenditures.

 

 

 

Perhaps you missed a post I made previously - Government is Not Meant to Be a Business Owner or Managerin which I said:

 

 

As I was pondering this, I came across something written by John Steele Gordon in the Wall Street Journal Online.  Gordon is the author of An Empire of Wealth: The Epic History of American Economic Power.
 

 

Here’s the link to what I found:  Why Government Can’t Run a Business
 

Gordon gives some examples of our government trying to run businesses.  In 1913, they actually built a steel plant, anticipating that they could have less expensive steel for warships if the government made it.  Of course, by the time the plant was operational, the war had been over for 3 years, it was milions over budget, and the government plant had to charge twice what the others charged.  Thankfully, the politicians at that time were smarter than today’s Washington dummies.  They closed the plant down.  Today, I could see them keeping it open and pouring money into it, even though it was  not profitible.

On the news the other day, it was mentioned that the man who is “in charge” of efforts for the government about GM is a man who is only 31 and has absolutely no business experience. 

Here’s some of what the New York Times had to say about him:

 

 

By DAVID E. SANGER

Published: May 31, 2009

WASHINGTON – It is not every 31-year-old who, in a first government job, finds himself dismantling General Motors and rewriting the rules of American capitalism.

Brian Deese, who interrupted his law school career, is the little-seen force behind the revamping of the American auto industry.

But that, in short, is the job description for Brian Deese, a not-quite graduate of Yale Law School who had never set foot in an automotive assembly plant until he took on his nearly unseen role in remaking the American automotive industry.

Nor, for that matter, had he given much thought to what ailed an industry that had been in decline ever since he was born. A bit laconic and looking every bit the just-out-of-graduate-school student adjusting to life in the West Wing – “he’s got this beard that appears and disappears,” says Steven Rattner, one of the leaders of President Obama’s automotive task force – Mr. Deese was thrown into the auto industry’s maelstrom as soon the election-night parties ended.

“There was a time between Nov. 4 and mid-February when I was the only full-time member of the auto task force,” Mr. Deese, a special assistant to the president for economic policy, acknowledged recently as he hurried between his desk at the White House and the Treasury building next door. “It was a little scary.”

 

Click here to read the rest of that story:

31-Year-Old in Charge of Dismantling GM

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I struggle to not let fibromyalgia and pain and chonic fatigue define me. They do affect me, though. Still, I strive to be who I am and who I was created to be. I love the Lord and I love people. I also love animals, which should show in the pictures and

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