Government Motors continues to be a big hit

posted at 11:20 am on January 6, 2012 by Jazz Shaw

As long as government remains in the position to attempt to pick winners and losers in the free market, they can apparently claim a 50% success rate. They don’t score too well in the category of picking winners (see Solyndra, etc.) but they do a bang up job in picking losers. As Seton Motley informs us, GM is racking up all sorts of awards this year.

General Motors stock (NYSE: GM) finished 2011 down 46.1% – the absolute worst car or car-related product stock on the board. Besting (so to speak) the second worst by 4.5%.

And GM’s unprofitable, unpopular, combustible electric Chevy Volt was a ‘Worst Product Flop of 2011’ winner. Oh, and GM is moving electric vehicle development (and production?) to China – which sort of undermines the jobs “created or saved” reason for the $50 billion GM bailout.

All of which is even more terrible GM news for We the Taxpayers…

Less Government President Seton Motley:

“From the moment the bailouts began – and General Motors became Government Motors – we have seen GM stack failure upon failure.

“There’s the unprofitable, unpopular, combustible electric Chevy Volt – a ‘Worst Product Flop of 2011’ winner. That costs We the Taxpayers $250,000 per unit sold. GM sold in 2011 25% fewer Volts than they had planned – but is in 2012 bizarrely increasing production by 500%. And despite all of this failure – including the inability to determine what is causing Volts to burst into flames – GM will next year begin producing an electric Cadillac and an electric Cruze.

“GM in 2010 received more clean (non-energy) energy patents than any other entity – of the Solyndra,Tesla, Fisker, uber-failure variety.

All of this is bad news for GM stockholders, of course. But before the Occupy movement gears up to say that fat cat investors probably had it coming, let’s remember that we were all investors in GM whether we wanted to be or not. The sad part is that some of the technologies under discussion actually do hold promise for the future, and I still believe that some, if not all of them will find their niche as time goes by. But in a free market economy such as ours, that type of evolutionary growth has to happen at its own organic pace and be palatable to the needs and reach of the nation. When Washington attempts to artificially force development in one direction or another – particularly when they clearly don’t understand all of the variables in the equation – the results are predictable. And GM has demonstrated this in an unfortunately clear fashion.


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Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

I still see people I know are conservatives buying GM products. Why do we continue to support this company? Without conservatives buying gas guzzling GM SUVs and trucks, products their liberal cheerleaders loathe, the company would sink. Boycott this company and stop supporting GM and the UAW!

Charlemagne on January 6, 2012 at 11:25 AM

Avowed Marxists try capitalism, hilarity ensues.

Although to be fair, their Marxism doesn’t work either.

So Barry has that going for him, he’s an equal opportunity failure.

NoDonkey on January 6, 2012 at 11:27 AM

But, but think of the environment…

Drained Brain on January 6, 2012 at 11:27 AM

Relevant post on Jalopnik yesterday:

http://jalopnik.com/5873084/

Spannerhead on January 6, 2012 at 11:28 AM

“All of this is bad news for GM stockholders, of course.”

No no no, the dictator will just give them more money. They don’t have to worry about failure. There he was not to long ago yapping about how he saved the American Car Industry.

Africanus on January 6, 2012 at 11:28 AM

freshface on January 6, 2012 at 11:25 AM

Sorry, I’m not putting my children into one of GM’s lousy cars and winding up with my hood up on the side of the road, to fatten the wallet of some UAW goomba.

NoDonkey on January 6, 2012 at 11:29 AM

Picking losers indeed

cmsinaz on January 6, 2012 at 11:29 AM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama. freshface on January 6, 2012 at 11:25 AM

Huh, where’s that line you been watching?

Is there a line full of libtards waiting for the UMW to be put outa business by Obooba?

Akzed on January 6, 2012 at 11:29 AM

Well, they do have some successes. The Cruze is a solid hit, and the Equinox, too. Cadillacs and Buicks are selling well (the CTS and the LaCrosse are great cars), and everyone’s waiting for the Cadillac ATS (their competitor for the BMW 3-Series) to be unveiled at NAIAS later this month.

I’ll be happy when the government gets the hell out of GM, and “Lt. Dan” Akerson leaves, and Mark Reuss takes the helm.

Ward Cleaver on January 6, 2012 at 11:31 AM

I thought I was being more patriotic when i bought my Ford? Not according to fishface.

Bensonofben on January 6, 2012 at 11:31 AM

“All of this is bad news for GM stockholders, of course.”

UAW owns 17% of GM stock. Ha!

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama. freshface on January 6, 2012 at 11:25 AM

And GM owns 18% of Toyota genius.

Akzed on January 6, 2012 at 11:32 AM

True Patriots buy American/Canadian/Mexican union made crap cars. Only evil un-American conservatives buy Toyotas made in South Carolina.

sheikh of thornton on January 6, 2012 at 11:32 AM

Hey, at least they spiced up the Volt with a cool new graphics package.

BKeyser on January 6, 2012 at 11:32 AM

Central planning at its finest! What a shock (Get it? Volt? Ha!)

ModernConservative on January 6, 2012 at 11:33 AM

I’m going to be in the market for a new car in the next year or so.

I have no intention of buying a GM or Crysler bailout-mobile.
For that matter, I won’t buy a Ford, either. I won’t give a dime to the UAW and their corrupt Democrat benefactors if I can help it, and I don’t care how much the federal gov’t is on the hook for. The bailout should have never happened in the first place.

It’s foreign, non-union cars for me from now on – most likely a Toyota, but I’m a ways from making a final decision.

DRayRaven on January 6, 2012 at 11:34 AM

…everyone’s waiting for the Cadillac ATS (their competitor for the BMW 3-Series) to be unveiled at NAIAS later this month.

Ward Cleaver on January 6, 2012 at 11:31 AM

I’m eager to see the ATS. I’m just not looking forward to the inevitable marketing hype that will accompany it.

Funny thing about the Cruze, it’s actually more economical than the Volt to operate at half the purchase price:

http://www.caranddriver.com/comparisons/2011-chevrolet-volt-vs-2011-chevrolet-cruze-eco-comparison-test

Spannerhead on January 6, 2012 at 11:36 AM

GM should rename the Chevy Volt.
Suggest they bring back the Pontiac name FIREBIRD – or maybe just call it FIRETURD…..

gullxn on January 6, 2012 at 11:37 AM

In front of that GM sign…does it look to you?…that JugEars is trying to squeeze one out?

KOOLAID2 on January 6, 2012 at 11:37 AM

Nothing feeds a narcissist’s ego like being able to play sugar daddy.

LizardLips on January 6, 2012 at 11:37 AM

Isn’t a burning Volt an illegal point source for emissions under the new EPA standards? Or did GM get an Obamacare style waiver?

JeremiahJohnson on January 6, 2012 at 11:39 AM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

My Honda was made by non-union workers in Indiana, with 65% American made parts.

Your GM was likely made in Canada or Mexico by union goons, with 50% American parts.

Who has the American car, now?

Rebar on January 6, 2012 at 11:40 AM

At least one local news station in Motown has the guts to catch those UAW thugs getting high and drunk at lunch-time.
But not conservative mega-blaster WJR Radio out of Detroit. They still shill for the labor union thugs and Government Motors on a daily basis. I turn ‘em off and wait for Rush when they display such fealty to filthy pigs.

~(Ä)~

Karl Magnus on January 6, 2012 at 11:41 AM

Here’s a hot insider tip. Solar panels are the wave of the clean energy future. Invest heavily in start up companies….in China.

a capella on January 6, 2012 at 11:42 AM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

Which cars are American made?

SirGawain on January 6, 2012 at 11:42 AM

I have Japanese cars. I’d consider buying the American made equivalent but they don’t exist.

CorporatePiggy on January 6, 2012 at 11:43 AM

True Patriots buy American/Canadian/Mexican union made crap cars. Only evil un-American conservatives buy Toyotas made in South Carolina.
sheikh of thornton on January 6, 2012 at 11:32 AM

HAHAHAHAHAHAHAHAHA

Bishop on January 6, 2012 at 11:45 AM

I’m waiting for an all-electric GM Edsel.

The Rogue Tomato on January 6, 2012 at 11:46 AM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

Most of us have lined up to buy Fords, whose sales for 2011 are up 17% over 2010.

goflyers on January 6, 2012 at 11:47 AM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

Define “foreign car”. My Chevy Avalanche (2003 model – pre-Gubmint) was assembled in Mexico. My wife’s Toyota Rav4 was built in the US. Most Toyotas, Hyundais, and many other “foreign” cars are actually built in the US.

dentarthurdent on January 6, 2012 at 11:48 AM

Buy a “high mileage” toy car with an exploding battery which will spew toxic waste on me while I burn.

OR

Buy a big truck that gets comparatively crappy mileage but that won’t suddenly decide to dissolve me with corrosive acids simply because I put it in gear.

Geez, that’s a tough choice.

Bishop on January 6, 2012 at 11:49 AM

Produce a good product and people will buy it. My Toyota just passed 240,000 miles and it’s still going strong. The last GM product my family bought is currently sitting in a junkyard. Oh, and my Toyota was produced with American labor and none of the profits went to the UAW. I’ll hopefully be buying a new in the next few years.

joekenha on January 6, 2012 at 11:50 AM

As any liberal will tell you, planned market strategies don’t work unless the right people are doing the planning.

Apparently, these are not the ones we were waiting for.

Lily on January 6, 2012 at 11:50 AM

freshface on January 6, 2012 at 11:25 AM

Like Ford, tardlett? Toyota? Honda? Nissan? Hyundai? BMW?

You did say American made, tardlett, didn’t you?

Too easy…

MNHawk on January 6, 2012 at 11:51 AM

When Washington attempts to artificially force development in one direction or another – particularly when they clearly don’t understand all of the variables in the equation – the results are predictable.

Flashback to the Cold War era:

When Washington Moscow attempts to artificially force development in one direction or another – particularly when they clearly don’t understand all of the variables in the equation – the results are predictable.

Socialists never learn.

infidel4life on January 6, 2012 at 11:53 AM

I’ll never own another Government Motors or Chrysler car. Both companies should have had to go through real bankruptcy, and both should not exist today.

I’ll continue to buy Fords or buy a Toyota.

wildcat72 on January 6, 2012 at 11:53 AM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

They catch fire but I suppose we caused that too.

magicbeans on January 6, 2012 at 11:55 AM

Bishop on January 6, 2012 at 11:49 AM

8-)

!!!

Akzed on January 6, 2012 at 11:56 AM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

You mean “union” made… because many “foreign” cars are made here. GM sucks. Get over it. They should have gone under. Chrysler sucks. They should have gone under.

I realize facts are lost on any liberal, but a car assembled in America is still employing Americans.

tyketto on January 6, 2012 at 11:58 AM

Oh, and GM is moving electric vehicle development (and production?) to China

Will the NLRB allow that?

petefrt on January 6, 2012 at 11:58 AM

I still see people I know are conservatives buying GM products. Why do we continue to support this company government agency?

FIFY

BobMbx on January 6, 2012 at 11:58 AM

BENEFITS:
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•Ten paid holidays, 13 days of sick leave, and 13 to 26 days of vacation time each year

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•A wide choice of health insurance plans, coverage for pre-existing conditions, and no waiting periods. We pay a substantial amount (up to 75%) of the health insurance premiums.

•Participation in the Federal Reserve Retirement and Thrift Plans; or continued participation in the Civil Service Retirement System or Federal Employees Retirement System.

•Public Transit Incentive program (PTIP)

•Employee Assistance Program (EAP)

•Health Unit Services

•Emergency Child Care Service (Contracted Service)

•Fitness Center Access

Learn more about federal benefits programs at: http://www.usajobs.gov/ResourceCenter/Index/Interactive/Benefits#icc
OTHER INFORMATION:

•We may select from this announcement or any other source to fill one or more vacancies.

•This announcement may be used to fill like positions in other organizations within the Consumer Financial Protection Bureau.

•Relocation expenses will not be paid.

Key West Reader on January 6, 2012 at 11:58 AM

and both should not exist today.

wildcat72 on January 6, 2012 at 11:53 AM

Funny thing is, GM would have certainly existed today, in a leaner, meaner, sustainable form. I remember Penske was interested in buying up a chunk before our third world President trashed bankruptcy law in favor of a few other vested leftist interests.

Now, we’ll go through the whole thing again in a few short years.

MNHawk on January 6, 2012 at 11:58 AM

The trick is to harness the energy from the battery fires to power the drivetrain.
The next project for the Hopenchange, Coal Fired (the industry he’s trying to put out of business) Trabant.

Dr. Carlo Lombardi on January 6, 2012 at 11:59 AM

Shut down the coal industry by over-regulating it. Promote unaffordable electric cars that need coal to produce electricity to power them.

Scooter are a genius, aren’t he?

fogw on January 6, 2012 at 12:02 PM

I’ll never own another Government Motors or Chrysler car. Both companies should have had to go through real bankruptcy, and both should not exist today.

I’ll continue to buy Fords or buy a Toyota.

wildcat72 on January 6, 2012 at 11:53 AM

Here’s something that is as yet unexplained. Every major US airline has filed for bankruptcy in the last decade (US Air filed twice).

Yet, every one of those airlines is still in business and never missed a beat or a passenger. No bailout for them (not in the sense of GM and Chrysler).

Whats the difference? When the airlines filed for bankruptcy, they were able to shed their union contracts and retirement plans.

The Obama administration was not going to let that happen to the UAW. Ergo, the end of civilization without government intervention meme for the bailouts.

BobMbx on January 6, 2012 at 12:02 PM

Guessing a large chunk of GM sales are to the US Government. Obama orders depts. to only order GM.

albill on January 6, 2012 at 12:03 PM

Dr. Carlo Lombardi on January 6, 2012 at 11:59 AM

Are you a real doctor or do you just play one on the intertubes, because that idea was stupid.

The smart move would be to somehow harness the sound energy of the screams from the burning passengers and direct it to the drive-train.

You have to think in liberal.

Bishop on January 6, 2012 at 12:03 PM

Most of us have lined up to buy Fords, whose sales for 2011 are up 17% over 2010.

goflyers on January 6, 2012

You’re welcome.
We taxpayers bailed out Ford AND Ford Credit. Where do you think people got the money to buy a Ford: Fix or Repair Daily piece of cräp?

~(Ä)~

Karl Magnus on January 6, 2012 at 12:04 PM

Consumer Financial Protection Bureau.
Key West Reader on January 6, 2012 at 11:58 AM

I just threw up in my mouth a little.

Thanks.

CorporatePiggy on January 6, 2012 at 12:04 PM

Only the government would cause a coal-fueled* vehicle based upon a failed 100 year old technology to be produced…much less one which turns into toxic waste at its (short) end-of-life…and much less one which turns a minor flooding incident into a deadly fire!!!

The difference between Private Enterprise and Government is that:

Private Enterprise rewards success

…while

Government rewards failure!!!

(* – where do you think electricity comes from??)

landlines on January 6, 2012 at 12:05 PM

Actually 36 days of paid vacation ain’t nothing. The Won and Shell are up to 1000 days of paid vacation already.

CorporatePiggy on January 6, 2012 at 12:06 PM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

Again – define “foreign car”.
GM owns Opel, Daewoo, Saab, 3% of Suzuki, 10% of Fiat Group.
Ford owns Volvo, Jaguar, Land Rover, and 33% of Mazda.
Chrysler owns Mitsubishi.
BMWs are assembled in South Carolina.
Hondas are assembled in Ohio, Indiana, and Alabama.
Hyundais are assembled in Georgia and Alabama.
Kias in Georgia. Mazdas in Michigan and Missouri. and on and on.

dentarthurdent on January 6, 2012 at 12:08 PM

I have no intention of buying a GM or Chrysler bailout-mobile.
For that matter, I won’t buy a Ford, either. I won’t give a dime to the UAW and their corrupt Democrat benefactors if I can help it, and I don’t care how much the federal gov’t is on the hook for. The bailout should have never happened in the first place.

It’s foreign, non-union cars for me from now on…
DRayRaven on January 6, 2012 at 11:34 AM

Same here. No way in he11 am I buying into UAW/gubmint motors.

petefrt on January 6, 2012 at 12:09 PM

Government Motors continues to be a big hit

Yes, but don’t say they’re Socialists just because they OWN a National car company like GM.

Because they say they aren’t Socialists.. and goodness knows they wouldn’t Lie about a thing like that, would they?

Chip on January 6, 2012 at 12:11 PM

I really want one of the new Camaros (I’ve had 3 from 70s era) – but I won’t buy one from Gubmint Motors. Maybe I’ll have to buy a used one some day – maybe after Obummer is gone and GM becomes a private company again.

dentarthurdent on January 6, 2012 at 12:15 PM

the inability to determine what is causing Volts to burst into flames

Think of this as a “feature”.

When Li’l bammie outlaws fossil fuels…..owners can huddle around their blazing Chevy Volts for much needed warmth.

Bammie’s always thinking about the people.

Tim_CA on January 6, 2012 at 12:16 PM

The smart move would be to somehow harness the sound energy of the screams from the burning passengers and direct it to the drive-train.

You have to think in liberal.

Bishop on January 6, 2012 at 12:03 PM

I am not sure that is truly sustainable. I mean how long can a passenger really scream? I would think they would have to quiet down after a while as they, you know, died.

But maybe, just maybe, you could harness the same scream energy as they open their electric bill, which, as we know, is set to necessarily skyrocket? Then they could operate their vehicle once a month instead of once a life-time. How often does anyone really NEED to drive anyway? Once we have gotten to Nancy Pelosi’s 100% employement rate through unemployment checks, we can have them direct deposited and order our food delivered.

For the planet and Gaia.

Lily on January 6, 2012 at 12:25 PM

Don’t miss their new model, the Chevy Keynes. They will produce one giant immobile pile of metal and plastic that everyone buys together, that doesn’t actually take anyone anywhere but gives people the same average position they would have with an actual car while increasing GDP and reducing unemployment.

TallDave on January 6, 2012 at 12:26 PM

dentarthurdent on January 6, 2012 at 12:08 PM

Slight corrections:

- Ford no longer owns Jaguar, Land Rover or Volvo and only 3% of Mazda.
- Chrysler does not own Mitsubishi. Their relationship ended a while back.
- Saab recently went bust thanks to GM’s “exemplary” management. Formerly owned Ford brands such as Jaguar, Volvo and Land Rover are on excellent financial footing.

I really want one of the new Camaros (I’ve had 3 from 70s era) – but I won’t buy one from Gubmint Motors. Maybe I’ll have to buy a used one some day – maybe after Obummer is gone and GM becomes a private company again.

dentarthurdent on January 6, 2012 at 12:15 PM

Don’t want to start a Camaro/Mustang flame war up in here, but the Mustang has it all over the Camaro these days. It’s just a more sophisticated car, among other things (never mind the live axle). And I’m a Camaro fan in general.

Spannerhead on January 6, 2012 at 12:27 PM

I’m in the uaw. I bought the most American truck you can buy…a Toyota tacoma.

tom daschle concerned on January 6, 2012 at 12:30 PM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

Exactly WHAT foreign cars are you talking about?

…the Honda plants across all Ohio (where my uncle works)?
…the Mitsubishi plant in Illinois where my Eclipse was built?

Please be more specific… or are you just one of those ignorant flaming liberals trying to score points against conservatives? Next time you might want to come armed with facts. Most of the posters here actually know what we’re talking about.

dominigan on January 6, 2012 at 12:33 PM

The ‘insanely persistent’ lefty at work tried to start some Obama is fixing something or other conversation with me yesterday… My very first response was to state as a matter-of-fact-ly as possible that EVERY Government Motors Volt was being recalled… (watched the nervous tick kick in)…
-
He said something like oh yeah… to fix the battery problem. I stated while looking intently at the bridge of his nose… “To put a bandaid on it”. (watched the eyes give away a flash of panic).
-
He kept trying to get back to his Ob-idol worshiping chant for another minute or so but the Volt is a very good hammer right now. And when a hammer is doing the job… why use anything else. He walked away without ever getting to make his point. (I smiled at a job well done).
-

RalphyBoy on January 6, 2012 at 12:33 PM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

I didn’t buy foreign-made! I bought a finely engineered product that does not burst into flames. I bought a Toyota made in the south by Americans!

What you are really trying to say is if we do not buy union-produced crap then we are somehow un-American. You are an idiot and I say it because it is the truth, not to score political points against Obama. The bailout was clearly to protect the UAW pension funds and we real Americans have watched billions being squandered in the name of your stupid idea that one has to buy from the big three to be a good American.

Happy Nomad on January 6, 2012 at 12:35 PM

I’m going to be in the market for a new car in the next year or so.

I have no intention of buying a GM or Crysler bailout-mobile.
For that matter, I won’t buy a Ford, either. I won’t give a dime to the UAW and their corrupt Democrat benefactors if I can help it, and I don’t care how much the federal gov’t is on the hook for. The bailout should have never happened in the first place.

It’s foreign, non-union cars for me from now on – most likely a Toyota, but I’m a ways from making a final decision.

DRayRaven on January 6, 2012 at 11:34 AM

In the 80′s I was on the road traveling for business, upwards of 50,000 miles annually. When my American made car hit 60,000
miles everything started to go wrong with it. I traded it in
for a Toyota and have driven them ever since. Other than changing
tires, oil, windshield wipers, brakes and batteries, my cars have
never had other repairs. I usually trade them in around 100,000
miles, although I have read that some people keep them running
at 250,000 miles plus. Hondas are good also. In making my
initial decision I looked on the highways to see which older cars
were still running. That is a little tough now after our government had their little trade in program which cost taxpayers
a bundle, then the government destroyed the older cars used for
trade ins.

Amjean on January 6, 2012 at 12:37 PM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

That’s how you treat cancer. You do not feed it; you cut it out, even though it happens to be a part of your body.

Archivarix on January 6, 2012 at 12:38 PM

We will be supporting gm until it goes into bankrupcy. The sooner it dies the happier I will be. I would like all gm workers and management to loose money and careers that the tax payers have been giveing these parasites.

burt on January 6, 2012 at 12:42 PM

In this economy, why would I want to buy an expensive “American” car with a 3/36 warranty when I could spend less money on a car from a foreign company that costs less and has a 10/100 warranty? The UAW markup on these things is killing the American companies.

dbfwelch on January 6, 2012 at 12:50 PM

GM toook in $50 billion in bailouts from tax payers. Another $54 million was dropped in for Volt subsidies alone this year. The new Consumer Finance Protection Board is up and running to enforce Dodd-Frank, which allows redress (insurance on deposits) of up to $250,000 for bank losses going back to 2008.

Since between my wife and I we now account for about $100,000 in federal debt we would like to exercise our claim under the Dodd-Frank law to wipe the account clean. I’d like my consumer financial protection to kick in now please.

Tip to RNC: We are now being forced to operate under a new law none of your candidates and incumbents participated in (Dodd-Frank, except Scott Brown). Might it be worthwhile to point out the futile notion of seeking financial protection from the same people that won’t produce budgets and are content to deficit spend at a 40% clip?

DanMan on January 6, 2012 at 12:57 PM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

Oh geez, when were you libs ever concerned with patriotism? Just when it suits your twisted argument. America is the evil empire, right? America is what’s wrong with the world, right? America enslaves people. America steals resources and keeps the third world poor. America is racist, xenophobic, anti-intellectual. America is too religious. Come on stupid, grow up.

What’s more patriotic?
(1)Propping up a failing but potentially recoverable company through a shady and misguided bankruptcy which threw out a century of accepted debtor priorities to reward union thugs and their pension wishes, now we find that in 2011 that same company’s stock fell 50% so very likely they’ll be right back in the same situation they were before, because they were never forced to actually reorganize and survive on their own merits
-or-
(2)Participate in the free market capitalist system where players from around the country and around the globe come to the US, hire people in the US, build/service/repair in the US, and all along the line pay taxes, salaries, benefits in a competitive environment and produce goods and services that consumers need, want, desire at a level that sustains and grows their business. Yes, some of those companies are completely foreign and just import their goods. Some actually employ thousands of Americans. The better product wins. Competitors either survive or die. All to the benefit of this nation. The alternative is to be a nation of Peugeots and Fiats and Trabants as far as cars are concerned.

But I guess per Biteme Biden true patriotism revolves around paying higher taxes? So isn’t buying a more expensive foreign car then sufficiently patriotic?
Or are we only patriotic to support a car company headquartered in the US but outsourcing its manufacturing to China?

Yes, let me run right out and trade in my Year 1 BMW 135is 6M 300HP/300lb twin turbo 0-60 in under 5 seconds sawed-off shotgun King of the Mother F’ing Road coupe so I can buy a Chevy Dolt and recharge it every few hours. Merging onto highways? No need to worry about that. Getting lapped by Granny in her Civic? Heck, it don’t matta who’s laughing about that. It’s all good. I get to drive a Chevrolet!

smfic on January 6, 2012 at 12:59 PM

C’mon, you guys! The Chevy Volt keeps our firemen gainfully employed.

John the Libertarian on January 6, 2012 at 1:00 PM

freshface

Keep drinking the Kool Aid. Barry doesn’t need any help from conservatives.

GarandFan on January 6, 2012 at 1:05 PM

Y’all catch Mark Steyn’s New Years Day column? Compare to smfic’s take at 12:59

“Last January, the BBC’s Brian Milligan inaugurated the new year by driving an electric Mini from London to Edinburgh taking advantage of the many government-subsidized charge posts en route. It took him four days, which works out to an average speed of six miles per hour — or longer than it would have taken on a stagecoach in the mid–19th century. This was hailed as a great triumph by the environmentalists. I mean, c’mon, what’s the hurry?”

http://www.nationalreview.com/articles/286867/happy-new-year-mark-steyn

DanMan on January 6, 2012 at 1:17 PM

C’mon, you guys! The Chevy Volt keeps our firemen gainfully employed.

John the Libertarian on January 6, 2012 at 1:00 PM

They are union firemen. :)

Archivarix on January 6, 2012 at 1:18 PM

RalphyBoy on January 6, 2012 at 12:33 PM

Well done. I hope he, at least, let you get to the part where Volts are actually coal-powered because that is where the majority of our electricity comes from.

That’s my favorite bit.

Lily on January 6, 2012 at 1:19 PM

Spannerhead on January 6, 2012 at 12:27 PM

Well, you got me on some of the changes in the last couple years – turns out the chart I found was from 2008 – darn internet isn’t keeping up. My main point though is that US vs foreign is not a clearcut definition any way you look at it.

Camaro vs Mustang – yes we could go all around on that – all depends on which models you compare. I like the old Mach 1 and Fastbacks, but I’ve never owned a Ford, and I’ve had 3 Camaros (76, 77, and now 74). I just like the Camaro for some reason.

dentarthurdent on January 6, 2012 at 1:23 PM

C’mon, you guys! The Chevy Volt keeps our firemen gainfully employed.

John the Libertarian on January 6, 2012 at 1:00 PM

And trial lawyers.

NoDonkey on January 6, 2012 at 1:25 PM

Apparently, these are not the ones we were waiting for.

Lily on January 6, 2012 at 11:50 AM

Ah! Now that stupid, cryptic “We’re the ones we’ve been waiting for.” blather that zer0 was spouting in ’08 makes sense.

MisterElephant on January 6, 2012 at 1:28 PM

C’mon, you guys! The Chevy Volt keeps our firemen gainfully employed.

John the Libertarian on January 6, 2012 at 1:00 PM

The good old union firefighters, have not lost a foundation yet.

Wade on January 6, 2012 at 1:30 PM

The Obamamobile! The Obamamobile!
It’s the wonderful, marvelous Obamamobile!
It thunks!
It clunks!
It’s a pile of junk!
It’s the wonderful, marvelous Obamamobile!

pilamaye on January 6, 2012 at 1:37 PM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

As already stated above, my 90 Dodge pickup was made in Canada. My 93 Dodge pickup (Named lovingly by the Missus as “The Global Warmer”) was made in Mexico.

I’ll never buy another new car, as I can’t work on them myself without a computer diagnosis.

As to Gubmint Motors, they also have a real winner with the Chevy Sonic.

TugboatPhil on January 6, 2012 at 1:46 PM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

Sorry, I’m not interested in buying cars from Barack Obama’s car company. Patriotic Americans can always buy Fords.

And given GM’s wonderful sales figures, I guess Obama’s minions aren’t buying his cars either. Real “patriotic” of them.

Doomberg on January 6, 2012 at 1:49 PM

SMART Power!!!!11111!!!!eleventy

“We have made all the right moves on the economy” BH0

“I’d give myself a SOLID B+” BH0

jukin3 on January 6, 2012 at 1:56 PM

General Motors stock (NYSE: GM) finished 2011 down 46.1% – the absolute worst car or car-related product stock on the board. Besting (so to speak) the second worst by 4.5%.

And GM’s unprofitable, unpopular, combustible electric Chevy Volt was a ‘Worst Product Flop of 2011’ winner. Oh, and GM is moving electric vehicle development (and production?) to China – which sort of undermines the jobs “created or saved” reason for the $50 billion GM bailout.

All of which is even more terrible GM news for We the Taxpayers…

And remember Fisker, the car company from Finland that landed a $500 million loan to build electric cars here but didn’t? They just had to recall all of their cars, seems they’re combustible too!

Boats48 on January 6, 2012 at 2:03 PM

And given GM’s wonderful sales figures, I guess Obama’s minions aren’t buying his cars either. Real “patriotic” of them.

Doomberg on January 6, 2012 at 1:49 PM

Free cars are included in the Buying My Way To A Second Term giveaway package.

All they have to do is wait. Their new cars will be arriving soon! Along the Publisher’s Clearinghouse Sweepstakes checks.

Check your mail TODAY!

Lily on January 6, 2012 at 2:12 PM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

Where? Proof? Straw man much? Looks like you learned Obama’s favorite device.

gitarfan on January 6, 2012 at 2:13 PM

BobMbx on January 6, 2012 at 12:02 PM

Exactly. GM is the PBGC’s biggest premium payer. With the agency already $24B in the hole, they’ll do everything they have to do from terminating those plans (and subjecting union benefits to PBGC limitations). American Airlines is next, and that looks like a carbon copy of United.

adoubledot on January 6, 2012 at 2:39 PM

I don’t get why the Cadillac CTS is so highly regarded. I owned a 2008, and it spent more time in the dealer’s garage than it ever did in mine. Everything that could go wrong on a car did.
It nearly got me killed in winter when the differential locked up on the curvy entrance ramp to the NJ Turnpike. I couldn’t even PUSH the car off the side of the road out of the traffic coming around the blind curve (the next week I got the recall notice in the mail).
Last year, I took the loss and traded it in on a foreign car.

sandspur on January 6, 2012 at 3:11 PM

I don’t get why the Cadillac CTS is so highly regarded. I owned a 2008, and it spent more time in the dealer’s garage than it ever did in mine. Everything that could go wrong on a car did.

Sounds like a Harley Davidson.

BobMbx on January 6, 2012 at 3:14 PM

sandspur on January 6, 2012 at 3:11 PM

2008 was the first year of the second generation. The first model year of any new car or redesign often experiences more problems than subsequent ones as the automakers works the real-world kinks out of the design.

Part of the reason the CTS is so well regarded is that it represents a break from Cadillac’s traditional view of American luxury. Ironically, it’s the “European-ness” of the car that earns it such high praise in automotive circles, namely, the fact that it’s rear-wheel-drive, can be equipped with a manual transmission and can actually handle. Cadillac eschewed those three elements for ages, and as such their cars were routinely trounced in comparison tests.

Of course, it’s all for naught if the cars can’t hold together, so I don’t want to invalidate your anecdote. Perhaps the idea of the CTS is what’s so well regarded, rather than the reality.

Spannerhead on January 6, 2012 at 3:22 PM

2008 was the first year of the second generation. The first model year of any new car or redesign often experiences more problems than subsequent ones as the automakers works the real-world kinks out of the design.
Spannerhead on January 6, 2012 at 3:22 PM

Exactly the reason I waited for the 2003 model of the Avalanche. The first year (2002) had a lot of problems, MOST of which they cleaned up in 2003. I’ve got 112,000 miles on it and still running strong – only had a few mechanical problems over the years, most covered under warranty. It’s always risky to buy the first year model.

dentarthurdent on January 6, 2012 at 3:43 PM

dentarthurdent on January 6, 2012 at 3:43 PM

I drive a member in good standing of the last model year of the E34 generation BMW 5 series (’95 525i 5-speed). Driving the car, it’s obvious all the bugs had been worked out by that point. Not to mention they loaded it up with extra goodies (nicer door panels, steering wheel, road wheels, etc) for the last hurrah before the E39 5 series came along.

Back on topic, I suppose GM could consider the Volt fires just a first model year “bug?” :)

Spannerhead on January 6, 2012 at 4:01 PM

Fav part of the past 3 years was watching patriotic conservatives lining up to buy foreign cars and trashing American made to try and score political points against Obama.

freshface on January 6, 2012 at 11:25 AM

Yeah, because a customer’s first obligation is not to get the best car for the money he has, it’s not to find the safest and most efficient way to get himself and family from point A to point B…it’s to continue feeding the unsustainably bloated salaries, pensions and health care benefits of UAW employees. It’s not patriotic to pursue one’s happiness…it’s patriotic to get ripped off so that spoiled, overly-entitled hacks can continue spitting out defective vehicles nobody wants. Got ya.

fitzfong on January 6, 2012 at 4:09 PM

Obooba could just rename the Volt to Peoples Car and the resemblance to another dictator would be uncanny.

NapaConservative on January 6, 2012 at 4:13 PM

Back on topic, I suppose GM could consider the Volt fires just a first model year “bug?” :)

Spannerhead on January 6, 2012 at 4:01 PM

It’s a feature. Self destructs and incinerates itself when it decides it’s end of life time – reduces landfill.

dentarthurdent on January 6, 2012 at 5:30 PM

Government interference is hindering the free market from advancing this technology, not advancing it.

Subsidies are for suckers — and we, evidently are the suckers.

NOBAMA ’12 — I’d vote for Zombie Nixon at this point.

hillbillyjim on January 6, 2012 at 6:49 PM

Oh, and GM is moving electric vehicle development (and production?) to China

I wonder how Obama will get the Chinese government to confiscate union dues from the new Chinese GM workers so that money can be handed to the union suits and then to the Democrat politicians?

After all, what’s the point in Obama owning Government Motors if there’s no money in it for Obama, the Democrats and the unions?

RJL on January 6, 2012 at 6:51 PM

It’s past time to just let Government Motors fail.

My family will never buy another GM vehicle again. And that includes our children, ages 15 and 16, who will be needing cars for the next 50 to 60 years.

sherrimae on January 7, 2012 at 1:33 AM