GM has launched a new ad campaign to try and rebrand the company. No need. MSNBC has ridden to the rescue and is proud to declare Government Motors its new favorite cause. The hard-left cable network had adopted GM, so let the word go forth that if you want to support President Obama, his cheering section at MSNBC has made it clear that means buying GM product.
MSNBC's hapless Ed Schultz accused me of "hating" President Obama on his Tuesday's show because I have announced that I will not buy a GM or a Chrysler car. (Since 2001 I have purchased two GMs --a Saab and a Trailblazer.) My reasoning is explained in this WashingtonExaminer.com column and this Townhall.com column. Briefly put: The socialization of GM severely disadvantages Ford, Toyota and other auto workers while undermining basic, bedrock principles of free enterprise, and I will not endorse the deal with my dollars and don't think any other car buyer should either. In Ed's rather fevered world this means I "hate" President Obama. In fact I supported the first GM/Chrysler bailout and would have been happy to see the feds support the two companies with loan guarantees or other assistance that would not have resulted in government ownership of the company.
But I won't support a government-owned car company that tilts the competitive field against every other car maker, and the feds now own and control GM, and the new Government Motors has a $65 to $75 billion dollar advantage over the shareholders, bondholders and workers at every other car company in the country. The left doesn't care because President Obama decreed this state of affairs it so it must be good, but it is inimical to the American way of doing business, building widespread prosperity, the middle class and great cars, and to ideals of freedom and liberty. A government-owned car company is a car company that can dictate who wins and loses and who gets the good deals. That's the danger of Government Motors.
Think Chris Dodd and his mortgage --Dodd was rewarded for being a big shot D.C. deal-maker. That's cronyism. Now elevate cronyism to the biggest industry in America and you get President Obama's car company. The president, Rahm Emanuel, and the rest of the Chicago crowd will now be deciding who wins and loses at GM and among its business partners.