Tuesday, June 02, 2009

Would you buy a car from this guy?

Associated Press said it best:
WASHINGTON (AP) — In a defining moment for American capitalism, President Barack Obama ushered General Motors Corp. into bankruptcy protection Monday and put the government behind the wheel of the company that once symbolized the nation's economic muscle. The fallen giant, the largest U.S. industrial company ever to enter bankruptcy, is shedding some 21,000 jobs and 2,600 dealers. Sparing few communities, the retrenchment amounts to one-third of its U.S. work force and 40 percent of its dealerships.
"A defining moment for American capitalism"? Under what definition of capitalism does the government own 60 percent of one of the largest corporations in the country? Don't worry, I know the answer; it's a rhetorical question.

As Mr. Obama assumed the reins of General Motors and touted the smaller, more environmentally sound cars that the new GM will bring to the people, I couldn't help but recall the grainy film images of another powerful leader who coaxed automakers into producing the People's Car, or as they said in his language, the volkswagen.

Maybe it's because I'm currently plowing through Milton Mayer's brilliant book, They Thought They Were Free. No, I'm not saying Mr. Obama is a 21st century version of Mr. Hitler. Yet.

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Blogger Michael said...

Hitler? Naw. He's much more Benito-like than anything else. The similarities are telling.

8:53 AM  
Anonymous Anonymous said...

The original VW Beetle, a damn fine car.

12:57 PM  
Blogger B.W. Richardson said...

Adolf, Benito, whatever. Dictators of a feather ...

8:02 PM  
Blogger Ju said...

You simply have to be able say 'no, thanks at that price' at least once to the dealer. This gives them a strong message that you are serious about your research.

You should also bring a piece of paper to the dealership and make sure you do all the math of the finance calculations yourself. The point is not that they will do the math wrong. The point is you will see exactly how the deal is structured. Do not be afraid to take the time to do this or look like a fool for mapping out your car deal in the dealership.

My dad swears by this process, http://tinyurl.com/knflt6

11:44 AM  

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