WARNING: THIS IS A DEPRESSING POST!!! And yes, I will be rambling.
I couldn’t believe that General Motors admits to use US bailout money to invest $1B in a plant in Brazil.
This is the second time GM took taxpayer funding; apparently, it did not encourage smart business practices or at least smart business practices in the US (what can they do, the Union is the monkey on their back here!). Apparently, GM feels is is more productive to invest in non-union areas…hmm…so what do we do? The government votes to strengthen the union stranglehold on American companies.
Tell me why should we prolong the failure of a crappy business? Regarding failing companies I like SC Governor Sanford’s advice regarding the economy: “let’s get this thing over with, let’s not drag it on.”
Speaking of crappy businesses, here’s a rather sad opinion article in the Washington Post from a small business owner who laments not having customers because they can’t afford his product. He wishes for the government to supply his would-be customers so that his business can survive. OK, so we are going to create false demand for products that wouldn’t exist on their own merits? Um…not with my money! My grandfather, God rest his soul, told me stories of how the government would call him at home and ask him to take farm subsidies. He would always decline and reiterate his belief that if you can’t make a living doing what you are doing, then you should find another way to make a living…because you suck at what you are doing now!