New Beginning?Congratulations, we the American taxpayers now own 60% of General Motors, something the President says is a "new beginning." A new beginning for who, Mr. President?
Doubtless it is a new beginning for the tens of thousands of salespeople, mechanics, maintenance and custodial staff at the 2,100 General Motors dealerships around the country that will close largely at the behest of your administration:
General Motors Corp. will pare 2,100 dealers from its business and has until July 10 to complete the remix of its assets in bankruptcy court paid for by the Obama administration, according to filings Monday.
"There simply is no viable alternative," Henderson said in the filing. "There is no other sale, or even other potential purchasers, present or on the horizon."
The Obama Administration went out of their way to find a foreign suitor for Chrysler and are attempting to force the merger down the throats of both Chrysler and Fiat. Yet no other world automaker might take an interest in one of the largest automobile manufacturers on the face of the earth?
A new beginning is how the President is characterizing the bankruptcy of General Motors. Oh, it's a new beginning, alright, for the 2,900 workers in Spring Hill whose plant is being idled, and who may lose their situations permanently if Spring Hill isn't chosen as the site for the making of a new subcompact car (up against a Michigan site-a State whose economy is in even more of a tailspin, Tennessee seems like a longshot). Many of these folks will have their new beginnings in an unemployment office, a welfare line, or a food pantry. Some may not be able to feed their families, and the bellies of their children may feel hunger because any job to replace the one they are losing is going to be hard to find in this economy.
But Tennessee is a red State that looks to be getting even redder-I wouldn't expect Mr. Obama to go to any lengths to help a whole lot of people who didn't vote for him.