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GM Auto Bailout Restructure Plan

Dear GM and Other Dying American Auto Companies,

 

I know you didn’t hire me, but this is a freebie. KNX1070 recently broadcast that GM offered a shit ton of stock to the government in exchange for picking up the tab on half of your debt while you guys restructure. I balance this latest news against decades of bad news stories surrounding your company: Plant closures, auto-worker strikes, etc. My age long impression of GM is that it is constantly struggling to survive and keep its employees employed, almost for the sake of keeping them employed. What the hell would the government want with an epic fail car company?

 

I’m neither an economist nor a auto-enthusiast. I’m a consumer and a humor writer, and my only two qualifications to write this is that I’m literate and that I made a conscious choice a few years back to NOT buy a GM product. So here are my recommendations to you GM, and in fact to ALL American automobile companies in a similar boat, and I guess to the US Government who may or may not soon be half partners with Godawful Mess. So let’s start with the idea that you are able to land your favored deals with the government for bailout. Now what?

 

* Cut the bloat! A bad economy should encourage competitive labor. Salary caps for brain-dead jobs regardless of the Read more