Govt. Motors
Today, I sold my shares in Ford. I had bet on Ford a couple years ago when it looked like everything was doom and gloom for the US auto industry - though not yet the point of apocalypse we later reached. Today, as the shares rallied, I sold my position. But I maintain a strong belief that Ford is a good company, with good management, and strong products with an effective narrowly-targeted focus on a few great vehicles, similar to Honda and Toyota.
On the same day comes further news from the travesty that is Government Motors (GM). This woman has been announced as new boardmember:
Cynthia A. Telles.
GM officially added an extra seat to its board, just to add her on. Because... shehas deep industry experience and a long history of reviving troubled manufacturing firms is a lackey of the Obama administration.
Cynthia spent 13 years as a Los Angeles commissioner, which according to Obama makes you much more eligible to run a company than say... someone with experience running a company.
She has a Ph.D... in Clinical Psychology.
She is currently the director of... the UCLA Neuropsychiatric Institute Spanish-Speaking Psychosocial Clinic. (WTF)
She sat on a number of boards... such as Kaiser Foundation Health Plan and Hospitals, Americas United Bank and Sanwa Bank California.
In other words - she has a couple of local bank boards and a career with absolutely no connection to the car industry. Where the hell does Obama find these people? At Michelle's fund raisers? I would expect so.
Yet again, I feel like I am living in Atlas Shrugged. Too bad there is no Ragnar Danneskjöld, he would be useful to sink a few shipments of Pontiac G3's and Jeep Patriots.
On the same day comes further news from the travesty that is Government Motors (GM). This woman has been announced as new boardmember:
Cynthia A. Telles.GM officially added an extra seat to its board, just to add her on. Because... she
Cynthia spent 13 years as a Los Angeles commissioner, which according to Obama makes you much more eligible to run a company than say... someone with experience running a company.
She has a Ph.D... in Clinical Psychology.
She is currently the director of... the UCLA Neuropsychiatric Institute Spanish-Speaking Psychosocial Clinic. (WTF)
She sat on a number of boards... such as Kaiser Foundation Health Plan and Hospitals, Americas United Bank and Sanwa Bank California.
In other words - she has a couple of local bank boards and a career with absolutely no connection to the car industry. Where the hell does Obama find these people? At Michelle's fund raisers? I would expect so.
Yet again, I feel like I am living in Atlas Shrugged. Too bad there is no Ragnar Danneskjöld, he would be useful to sink a few shipments of Pontiac G3's and Jeep Patriots.
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