…is good for America, or to be completely accurate, “What was good for our country was good for General Motors and vice versa”, or so said Charles Erwin Wilson, Ike’s Secretary of Defense back in the 50’s. He believed that anything that was good for GM was good for America, because the two economies were inexorably intertwined. But what is good for General Motors?
I’ve been following the bailout of the Big Three for a long time. And I’ve got some ideas on a REAL solution…not this three-card Monte they’re playing in Congress. Real solutions. Here’s my ideas: Continue reading What’s good for General Motors…→
I’m a big fan of Gilbert & Sullivan. In their immortal operetta, The Gondoliers, the ingeneue’s father, the Duke of Plaza-Toro (Count Matadoro, Baron Picadoro), realizes that being a member of the nobility is at odds with his current, destitute state of affairs. His novel solution was to apply for by the public under the Limited Liability Company Act. In American terms, that means he “went public,” offering shares in his Dukedom on the stock exchange. If Gilbert & Sullivan were alive today, I’m sure they’d write The Gondoliers II – The Baratarian Pirates Strike Back, where they’d script the Duke in debt once again, applying to the government for a bailout.
First it was the mortgage companies.
Then the insurance companies.
Next it was the automobile companies.
Now the credit card companies step up for a handout.