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Senators Prove They're Brainless Weathervanes... again

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June 04, 2009 – Comments (6)

Hey Chrysler, hey GM, stop losing money!

But don't you dare cut dealerships in my state!

Raise your hand if you think a company run by these bozos (That's what all that stock is for, right?) will be the least bit competitive. Raise your hand if you think taxpayer handouts to GM are done.

6 Comments – Post Your Own

#1) On June 04, 2009 at 9:22 AM, TMFBent (99.80) wrote:

This is the kind of thing we have to look forward to.

Sen. Amy Klobuchar (D-Minn.) asked about one specific dealership targeted for closure, which she noted has what seems like an good location near the Mall of America.

"Some of these dealers were actually doing pretty well," she told the company chiefs.

Sure they were, Amy. You're in position to know, right? Dealership right by the Mall of America? Must be a slam dunk! Lotsa cars on the lot? Look how busy they must be! I don't need to see (or at least, cite) any financials, I'll just assume that because a dealer is located near a giant mall, it must be not only financially viable, but financialy strong.

I know how people like this get elected. (Having a popular name built on Dad's tenure as an iconic Mn. sportswriter never hurts) but how do people like this get through Yale?

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#2) On June 04, 2009 at 10:32 AM, dbjella (< 20) wrote:

We Minnesotan's love our liberals.  She is caring and hard working and that is all we need :)

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#3) On June 04, 2009 at 12:34 PM, jstegma (29.44) wrote:

This is what happens with the government running the company.  Closing dealerships becomes a political issue.  Not something a judge deals with in bankruptcy court.  Not something the market decides.  Now it's something congressional committees hold hearings on and campaign contributions are made and etc.  GM has basically become a pork project.

Now tell me, which is typically more productive: private industry or congressional pork projects?

This is going to be a real problem for the economy. 

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#4) On June 04, 2009 at 6:54 PM, Nainara (< 20) wrote:

Sometimes I wonder, why does the process of correcting misallocated capital have to be this hard? Is this a by-product of the entitlement mentality? ("I'm entitled to have a well paying comfortable job that fits my current skillset, even if it's not actually productive to the economy as a whole")

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#5) On June 05, 2009 at 9:59 AM, saunafool (98.75) wrote:

We Minnesotan's love our liberals.  She is caring and hard working and that is all we need :)

How do you explain Michelle Bachman?

You know, just curious...

sf (originally from MN)

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#6) On June 06, 2009 at 12:28 PM, dbjella (< 20) wrote:

saunafool 

Michelle is on her way out next election.  The Dems will work hard to assure that.  

Once Frankin gets in there Dems will have another friend.

Maybe Amy and Al can push hard to get a MN bailout, so our Governor doesn't have to be the bad guy for cutting spending. 

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