Mrs. Goodwench - "Pay us now and later"

Something's Smelly At GM

The White House created a so-called "Car Czar" to oversee the auto industry. The Big Three, we were told, had been totally irresponsible and needed the government's help and the taxpayers' cash.

The first Car Czar, Steven Rattner, was well qualified to oversee the American automobile industry, having driven several.  Sadly however, after influence peddling rumors surfaced 10 days ago, he decided to spend more time with his family and abruptly resigned.   His successor is former steelworker's union executive Ron Bloom.  Experience?  "Hey, cars is made wit steel ain't they?"  So how are things going otherwise at Obama Motors? “ Well, so far, not so good. Just one month after the government took a 60% stake in GM, it reported its first half sales fell 22%. Worse, its global market share fell to 12% — down from 12.3% a year ago and 14.1% in 2005. Last year, Toyota took over from GM as the world's largest automaker, and this year GM will lose its Hummer, Saab, Saturn and Pontiac lines, becoming even smaller. ” Okay, what's the plan? “  Why, unveil a new line of men's fragrance, of course! ”