By E. Thomas McClanahan, Kansas City Star Editorial Page columnist
President Obama assured the public that he had no interest in running General Motors, despite the government's heavy investment. The company would be run by a private board. The board will call the shots. More: "The federal government will refrain from exercising its rights as a shareholder in all but the most fundamental corporate decisions."
Somebody forgot to tell Barney Frank, Democratic congressman from Massachusetts.
It seems Frank found out GM planned to close a distribution center in Norton, Mass., so he did what Very Powerful Members of Congress always do: He called up the company CEO, Fritz Henderson, and demanded to know what's up.
More formally, according to Frank's spokesman, the two talked about "the facility's value to GM."
No doubt Frank re-educated Henderson on that point. Or, in the more common expression, Frank "'splained it to 'im."
Chrysler and GM are now government dependents. They are what the Chinese would term "state-owned enterprises." And their thorough politicization is only beginning.







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Most people wanted to see him retired, lol. There is no way Detroit is going to win except by aem outsourcing.
Wake up and read English, faceless - it's embarrassing
Of course it's pre-bankruptcy cars - DOH!
"Current GM and Chrysler owners - that's something I bet you didn't know (well, I didn't, but thankfully I don't own one). This of course wouldn't apply to cars sold from the new, gubmint/union-controlled fiefdoms."
When you actually read further, you'll see where I also caution you about buying a post-1st-bankruptcy car because they could file for another bankruptcy, with so much overhanging debt. And in that case, you're screwed again.
"Also, let's say you're now thinking of buying a car from one of the 'new' GM or Chyrsler companies - since their chance of another bankruptcy is decent, wouldn't you feel pretty dumb to buy one, watch them go bankrupt and then end up like the others?"
Read it carefully once more, faceless.
I would never hire a liberal attorney, period. There are plenty of conservative attorneys to choose from, so your supposition is of course simply false, that only liberals are personal injury attorneys.
If you had actually bothered to read and understand my post, you would have realized that I don't and will NEVER own a GM or Chrysler car, so I personally would never sue them. I was warning those of you who do own one and might not know of this drawback. I notice you didn't contest my assertion that the resale value would be hurt.
If the gubmint does't make some sort of fund available to cover lawsuits, and then word of this gets around, what do you think THAT will do to the resale value of used GM and Chrysler cars?
I have no problem arguing with reasonable opinions like those from BigSteve, but my God, having to respond to this kind of garbage is tiresome. It's almost like you ignored the main points just so you could attack me, and not my suppositions.
Can't you aspire to anything better?
More Misinformation
Your own quote makes clear that inability to sue GM/Chrysler applies only to products sold PRE-bankruptcy. You don't have to be a bankruptcy lawyer to see that bankruptcy doesn't protect GM or Chrysler for products sold AFTER the bankruptcy. Duh!
And by the way, why would you care about suing GM or Chrysler about your injuries? That would require hiring one of those darned liberal personal injury attorneys to sue under that liberal products liability law just like all those other liberals.
So, I guess your theory is never to let the facts get in the way of your ideology, unless of course it benefits you.
True dat, twas, dem lawyers stink worsen' rotting skunk
As Mark Twain once observed:
"Lawyers are like other people - fools on the average; but it is easier for an ass to succeed in that trade than any other."