Thursday, June 11, 2009

Assault on GM Gets Personal at Fox News

Fox News personality, Gretchen Carlson, wasn't happy when her parents' GM dealership in Anoka, Minnesota, which has been in her family for 90 years, got the pink slip from GM even though the dealership has consistently exceeded sales goals and employs 80 people.

But Carlson was even more upset to find out that another GM dealer, who lost a dealership in the first wave of GM shut-downs, regained that dealership after Minnesota Democrat Senator Amy Klobuchar intervened (via Jeff Poor of Business & Media Institute).

It didn't help that her parents have to sign GM's "gun-to-the-head" wind-down agreement by Friday or lose their ability to sell the GM cars that they already have purchased. That agreement includes a gag order forbidding terminated GM dealers to speak to anyone except their employees about their loss of their business.

In the video below, Judge Napolitano describes why the treatment of terminated GM dealers is blatantly unconstitutional and unlawful six ways from Sunday. Charles Payne points out that Obama-run businesses like GM and AIG are being used as conduits to get money to other places. For example, last week GM lent a private equity firm $2 billion to buy Delphi out of bankruptcy and AIG was used as a conduit to offer $100 billion in aid to European banks.

This is not a surprise, Payne pointed out: We were told by Obama himself that redistribution would take place.

Thank you, Obama voters.

Glenn Beck adds that our stability as a nation is what has made us a good investment risk. What will happen to Americans when legal and financial outcomes that have been predictable in this country since its founding have been made unpredictable because contracts and laws don't mean anything anymore?

What choices will we make as individuals, when we can't rely on our Constitution and our legal system?

This video isn't pleasant, but I suggest you watch it anyway.


1 comment:

  1. Such problems are commonplace in governments that have nationalized businesses-- look to abundant examples in South America and someplaces in Europe (Britain in the 1970s before Thatcher, for instance).

    Since a government is not concerned about making money (as a private company is) but is concerned about political payoff and winning votes in disputed areas, this is kind of crap is pretty much the inevitable result.