If you are going to accuse someone of being a pompous demagogue, and "ignoring the main body of intellectual knowledge," you really ought to at least know how to spell “demagog” correctly.
I know, I know: You find it hard to believe that a mostly-owned subsidiary of the United States government and the Obama administration- like GM is- could get any stupider than say Fannie Mae, or Federal Reserve Bank. Yes, that’s tough competition, but in the “idiocy” category GM seems to be the ruling champion.
The Chicago teachers strike is over, but the public didn't win.
Suddenly things become very political for a private company when the government gives them more money than any other private concern in the history of our country and that money essentially becomes a gift. You want to get out of politics? Give us back our money, GM. You have $33.6 billion of cash in the bank right now. Yes, we’ll take it. Give it back and we'll call it square.
I'm a little hazy on the particulars, but as I understand things from the Democratic convention, a team of Navy SEALs landed in Detroit to save General Motors, and then autoworkers ran over Osama bin Laden repeatedly with a Chevy Volt.
Cue "Fanfare for the Common Man" and rev up the Government Motors engines. Wednesday is Great American Auto Bailout Day at the Democratic National Convention. Party propagandists have prepared a prime-time-ready film touting the "rescue's" benefits for American workers. UAW President Bob King will sing the savior-in-chief's praises.
Going into debt to fund pensions seems like a ridiculous thing to do, especially for a company had a chance to shed more of those pension obligations in bankruptcy.