The Sputtering Fury, It Burns
Doom, Economics, Moron Alerts, Things That Suck January 1st. 2009, 11:45amFirst off, Happy New Year.
Second off, WTF? This ad is on the top of the Drudge Report as of this writing. God knows where else it’s been placed.
In no particular order:
1) You’re not welcome. Give me my tax money back, you corporate whores.
2) You didn’t have any money, so you begged for the taxpayers to bail you out, and they did (against the popular will), and the first thing you do is spend a bunch of money on an ad THANKING THEM? You know, my folks gave us some money to help us buy our house (thanks!) – I’m pretty sure that if we’d taken a couple grand of that money to put up a billboard in our town saying “Thank You!”, that they would have been pissed off. Because they gave us the money for a house, not for PR stunts. Chrysler’s money, ditto.
3) With public relations and economics skills like these, no wonder your company is in the toilet. It deserves to be in the toilet. Fail now, and get out of the way.
(Sorry, Joanne. But you know I still love ya.)
January 4th, 2009 at 8:14 pm
’s OK. Because the loan to the automakers went against my economic principles, as well. However, what vexed me no end was the attitude of some of the senators and other pundits that a bankruptcy would result in a stronger, leaner, restructured company. This attitude ignores the vast number of companies that do not emerge at all, or fail soon after. And it requires cash to do a Ch. 11, cash which neither GM nor Chrysler has. So — a 7, and cataclysm. If you’re prepared for it, fine. If not, then recognize the impact that governmental policies has had on the ill health of the automakers, step up, and help arrange a soft landing. And a very Happy New Year to you!