Re: The Fix Is In! Rep. Barney Frank Delays Local GM Plant Closure

On Fri, 05 Jun 2009 07:15:17 -0400, Jim Higgins
<gordian238@xxxxxxxxxxx> wrote:

The Fix Is In! Rep. Barney Frank Delays Local GM Plant Closure
http://tinyurl.com/qc4h6r

You, TTAC?s Best and Brightest, knew it was going to happen: that
unfortunate intersection of business and politics, where the
taxpayer-supported GM would be forced by its new masters to place the
latter ahead of the former. In other words, brain dead zombies are
easily led. The Hill reports that Massachusetts Congressional
Representative Barney Frank has ?convinced? GM to keep a parts operation
in his district open for business. ?Frank?s staff said the lawmaker
spokes with GM CEO Fritz Henderson on Wednesday and convinced him to
keep the Norton, Mass., plant open for at least 14 months.?

?I greatly appreciate General Motors? willingness to take into
consideration the wider needs of the company and especially the
community,? Frank said in a statement. ?Keeping the facility open for
this extra time gives workers a chance to look at other opportunities,
while at the same time continuing to provide for their families.?

Need we (and the Hill) point out that Barney is chairman of the House
Financial Services Committee? You know, the pols that oversee the
government?s bailout program, under which GM has received $50 billion?
No, I didn?t think so. [Thanks to lw for the link.]

Should this be a surprise? Political ownership of GM will work on the
company like a cancer. It's doomed. The only question is, how much
damage will the Obama Administration do to the US tax payer and the
rest of the economy while they feed the cancer with one hand and try
to protect GM from competition with the other. It's a lesson in why
government ownership of the means of production does not work. I might
add that it doesn't stop with GM. The government helped get us into
this mess by forcing banks to loan money to minorities. Government
ownership of banks will only compound that problem. Thanks Obama.
.

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