535 New "board members" with agendas
The basic premise of a board of directors is that it is independent from the company and does not have conflicts of interest.
As the varied companies of USA Inc. are finding out, the 535 new "board members" they picked up when the government bought them out are heavily biased, have agendas, and have serious conflicts of interest.
I speak of course of the members of Congress, who right now are fighting GM, Chrysler, AIG etc etc to not close that office, reinstate that contract with a mine in their home state, re-open a dealership that was meant to be closed etc etc etc. In other words, business as usual for the conniving idiots who run this country (on both sides of the isle, in every corner of Washington, they all love their pork and bullshit).
The end result will of course be that those companies dont do very well. If you force companies to do things that are in your constituents "best interests" instead of the companies best interests and at the same time scare off most of the management by having some socialist pay czar, the end result is a lot of big failed floundering whales out of water.
Here is a great quote, pulled from the WSJ:
"Three days later, Rep. Rehberg (R, MN) called for a congressional hearing on the voided contract. GM, he said at the time, 'ought to be subjected to the same rigorous oversight we exercise over any other government agency.'"
The thing is, the answer to this, which we are already seeing, is to make it "unamerican" to compete with companies owned by the US Government. The govt. will then see the only solution as expanding the government's power to prevent "harm to the american people."
Let me give you another example of this... very hard to think of one... oh yeah, healthcare. The healthcare system is totally fucked in this country because of the US government. Medicare, in particular, is a broken failed system which is bankrupt should be completely rebuilt. Instead, we have a proposal which very well might pass which essentially extends medicare to the rest of the population.
How in the hell does that make sense? You have a totally failed and completely inept system, where most people have to buy supplemental coverage, where funding is inadequate, where the only way the damn thing works is if Senators lie ever year about cost increases by writing in lower fees and then always putting them off. Only a fucking government would think that the way to fix a failed system is to EXPAND IT.
So there we have it. At this point, I hope that GM is run into the ground, and that the American people, whats left of them, realize that what needs to be done is not nationalization, but free market reform. It will happen, it will always come around to that, but it will take some time. Hopefully not too long, as I dont feel like living in this country in the meantime.
As the varied companies of USA Inc. are finding out, the 535 new "board members" they picked up when the government bought them out are heavily biased, have agendas, and have serious conflicts of interest.
I speak of course of the members of Congress, who right now are fighting GM, Chrysler, AIG etc etc to not close that office, reinstate that contract with a mine in their home state, re-open a dealership that was meant to be closed etc etc etc. In other words, business as usual for the conniving idiots who run this country (on both sides of the isle, in every corner of Washington, they all love their pork and bullshit).
The end result will of course be that those companies dont do very well. If you force companies to do things that are in your constituents "best interests" instead of the companies best interests and at the same time scare off most of the management by having some socialist pay czar, the end result is a lot of big failed floundering whales out of water.
Here is a great quote, pulled from the WSJ:
"Three days later, Rep. Rehberg (R, MN) called for a congressional hearing on the voided contract. GM, he said at the time, 'ought to be subjected to the same rigorous oversight we exercise over any other government agency.'"
The thing is, the answer to this, which we are already seeing, is to make it "unamerican" to compete with companies owned by the US Government. The govt. will then see the only solution as expanding the government's power to prevent "harm to the american people."
Let me give you another example of this... very hard to think of one... oh yeah, healthcare. The healthcare system is totally fucked in this country because of the US government. Medicare, in particular, is a broken failed system which is bankrupt should be completely rebuilt. Instead, we have a proposal which very well might pass which essentially extends medicare to the rest of the population.
How in the hell does that make sense? You have a totally failed and completely inept system, where most people have to buy supplemental coverage, where funding is inadequate, where the only way the damn thing works is if Senators lie ever year about cost increases by writing in lower fees and then always putting them off. Only a fucking government would think that the way to fix a failed system is to EXPAND IT.
So there we have it. At this point, I hope that GM is run into the ground, and that the American people, whats left of them, realize that what needs to be done is not nationalization, but free market reform. It will happen, it will always come around to that, but it will take some time. Hopefully not too long, as I dont feel like living in this country in the meantime.
Comments
Post a Comment