Member Rara Avis
No, it doesn't sound right, Mike. Very little about a business failure, small or large, sounds right. It smacks, rather, of desperation. It sucks, big time, and no where is that more true than in Michigan.
The dealers are in no worse shape than the workers. Or the stockholders. All of them, dealers, workers, investors, every single one, knowingly and willingly crawled into bed with General Motors. I suspect most of them, for many, many years, were happy they had. They're not so happy any more, and for obviously good reasons. No one is happy.
Unfortunately, when you choose to ride a horse into battle you're taking a calculated risk. If the horse goes down, you go down with it. To expect the horse to continue to gallop when it's on its knees isn't realistic. Even if you just fed it an hour ago. Down is down, and the horse isn't any happier about it than the rider.
I did enjoy the video, by the way.
I found it very interesting when Representative Bachmann expressed her concern over both a dealership that appealed to their Senator (who happened to be a Democrat) and another that appealed to Representative Barney Frank (who also happens to be a Democrat). I share her concerns. I'm not crazy about our government investing in business, even when the alternatives seemed so much worse, but I'm terrified of the idea of government actively trying to manage a business. Not only don't I expect them to do it well, I can think of few conflicts of interest more egregious. In my opinion, no elected official has ANY business asking GM execs for so much as the time of day. It ain't right.
I also found it equally interesting, however, two minutes and nine seconds into the video, when Representative Bachmann said, "When I was on the phone today for over an hour with one of my local dealers . . . "
I sure hope Bachmann was buying a new car?